Wema Bank
31 Jan
Wema Bank, Nigeria's pioneering innovative bank and home to Africa's first fully digital bank, ALAT, has unveiled a new identity as part of its preparations for its upcoming 80th anniversary celebration.
27 Jan
With the March 2026 recapitalisation deadline drawing nigh, struggling banks are ditching initial public offerings (IPOs) for alternative fund-raising variants owing to regulatory hurdles, stringent listing requirements..
23 Jan
Wema Bank Plc, yesterday, announced that it would be completing its capital raise through a combination of a rights issue and special placement exercise, which will take off on April 1, 2025, to raise N200 billion in fresh capital.
21 Jan
To raise additional N200bn to meet CBN recapitalisation requirement Wema Bank has announced plans to complete its capital raise exercise through a combination of a Rights issue and Special placement exercise, aimed at raising N200 billion in fresh capital. The exercise, set to commence on April 1, 2025, marks the second and final tranche of…
17 Jan
Wema Bank has announced its first monthly draw of 2025 in the 5 for 5 Promo Season 4, with N11 million in cash prizes to be won by 131 customers across Nigeria.
8 Jan
In a year marked by economic uncertainty, inflation and foreign exchange crisis, 11 listed firms approached the Nigerian Exchange Limited (NGX) to raise N2.2 trillion in fresh capital.
7 Jan
Following gains recorded by most bluechip stocks, especially Cadbury and Wema Bank, the domestic equity market resumed trading for the week on a positive note as investors wealth rose by N38 billion.
13 Dec
Wema Bank, Nigeria's innovative banking leader and pioneer of Africa's first fully digital bank, ALAT, has unveiled its festive season campaign, "Wema 12 Days of Christmas."
4 Dec
Wema Bank has emerged as the winner of the 2024 Nigeria Bankers' Games which had its grand finale at the sports centre of the University of Lagos (UNILAG) on Saturday. The main attraction of the grand finale was the Men's Football final between Sterling Bank and FCMB which dragged on to a penalty shootout after…
4 Dec
Experts have noted that the evolving technological progress comes with significant challenges, which must be addressed.
3 Dec
Wema Bank has emerged as the overall winner at the Nigeria Bankers Game (NBG) 2024 grand finale, with a tally of 10 gold medals.
30 Nov
Wema Bank has concluded the fifth edition of its Hackaholics initiative, awarding N145m to seven start-ups that showcased innovative solutions to real-world challenges. The grand finale, held in Lagos, had 3,500 applications from across Nigeria, with 10 finalists presenting their ideas. The overall winner, Feegor, received N50m for its innovative B2B wholesale marketplace and SaaS…
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NOW
Justice T.G. Ringim of the Federal High Court sitting in Gombe has remanded the Chief Executive Officer (CEO) of MB Lugga Global Travels and Tours Limited, Mustapha Mohammed, in Gombe State Correctional Facility over allegations of defrauding Hajj pilgrims of N144,162,500.
NOW
In its continued effort to reaffirm dedication to online safety, social media platform, TikTok has removed over two million videos in Nigeria between July and September 2024.
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National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has handed over 12 children rescued from traffickers to Niger State Government. Director General, NAPTIP, Binta Bello, who handed over the children to the state Governor, Muhammed Bago
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Another budgeting circle is here in Nigeria, even as agencies of the federal government are vigorously pursuing and defending robustly their respective proposed budgets in the earliest weeks of January. Some of these agencies are actually finding it very difficult to convince discerning Nigerians
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The Rural Electrification Agency (REA) has advanced the implementation of the Africa Mini-grids Programme (AMP) in Nigeria, signing grant agreements for the development of 23 mini-grids across six geopolitical zones.
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The Nigerian Ports Authority (NPA) has directed Truck Transit Parks (TTP) Limited to enforce the Nigeria Export Proceed (NXP) as a prerequisite for the movement of all export trucks to the ports effective this month.
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Operatives of the Edo State Police Command have successfully rescued an Assistant Superintendent of Police (ASP) and two others from kidnappers . The victims, Elisha Jeremiah, an ASP attached to the FCID in Abuja, Oyedele Ebenezer
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The United States Agency for International Development (USAID) has appointed Secretary Marco Rubio as acting administrator. According to a statement from the office of the USAID spokesperson, the Agency has long strayed from its original mission of responsibly advancing American
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Chemical and Allied Products (CAP) Plc has released its unaudited financial results for the fiscal year ending December 31, 2024. The company said its financial performance for the year underscored its resilience and operational efficiency despite the tough business environment.