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Tag: Wema Bank

News

Wema Bank gets shareholders approval to raise N200bn

The shareholders of Wema Bank Plc, have approved the bank’s request for a capital increase of N200 billion. Also, the shareholders approved the dividend of 50 kobo per share for the financial year ended December 31, 2023, recommended by the Management Board, according to Nairametrics. This was disclosed at the group’s annual general meeting (AGM) […]

News

Wema Bank to retain national bank status – CEO

The Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, has said that the bank would retain its national licence while aiming for tier-1 banking status after the fresh banking sector recapitalisation. This was disclosed by Oseni at the Annual General Meeting of the bank, held virtually on Tuesday, according to The Punch. Oseni highlighted […]

Wema bank posts ₦100.5bn pre-tax profit in H1 2025
News

Wema bank tightens security after losing N658m to fraud

Wema Bank boasting of ₦1.8 trillion ($1.6 billion) in consumer deposits has disclosed ₦685 million ($594,943) in fraud and forgery losses for the year 2023, shedding light on the pervasive issue of fraud within Nigeria’s financial sector. According to a spokesperson for Wema Bank interviewed by TechCabal, these losses encompassed incidents across their digital platforms […]

Banking

UBA, Stanbic, two other banks fail to file 2023 results

Four banks have disclosed that they will delay the filing of their audited results for 2023. The United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank had announced that they would not meet the deadline for the filing of their audited results for the last financial year. The listed companies are expected to […]

Wema Bank, NYSC collaborate on youth empowerment
News

Wema Bank, NYSC collaborate on youth empowerment

The National Youth Service Corps and Wema Bank have teamed up to introduce the NYSC-ALAT Accelerator Program. According to The PUNCH, the relationship was unveiled at the signing ceremony for the Memorandum of Understanding in Abuja as the bank revealed in a statement. It stated that the partnership’s goal was to make it possible for […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank awards N8m to 116 customers

Wema Bank’s 5 for 5 Promo Season 3 saw 116 clients win almost N8 million in prizes at the sixth monthly draw. The PUNCH reported that the company said in a statement that more than 70 people attended the live draw, which took place recently at the bank’s Oba Adesida branch in Akure, Ondo State. It […]

Wema Bank, NYSC collaborate on youth empowerment
Business

Wema Bank, Assembly Hub partner to train business owners

Sara by Wema and Assembly Hub have partnered together on their business accelerator program, “The Creative Class,” which aims to empower and upskill aspiring business owners in Africa’s thriving fashion sector. According to The Punch, a statement from Wema Bank revealed that the intensive 4-week accelerator program was created to give budding and established entrepreneurs, aged 21 […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema partners Wakanow to revolutionize digital banking, travel booking

Wema Bank and the first digital bank, ALAT, have teamed with Africa’s leading travel technology business, Wakanow, to integrate digital banking and smooth airline bookings through the ALAT platform, The Punch reported that part of the statement read, “This ground-breaking partnership aims to revolutionize banking and financial services in Nigeria by providing Nigerians with a simple […]

Wema Bank launches Hackaholics digital summit
Banking

Wema Bank launches Hackaholics digital summit

Wema Bank has announced the establishment of the Hackaholics Digital Summit, which will bring together Africa’s digital innovators, disruptors, regulators, policymakers, investors, and customers. The Punch reported that the summit will act as a hub for exchanging knowledge, ideas, and best practices in the tech sector in order to positively transform technology and innovation not only […]

Flutterwave secures international transfers license in Malawi
Business

Wema Bank, Flutterwave introduce digital FX product

Flutterwave in partnership with Wema Bank and Kadavra, has introduced Swap, a product aimed at digitizing Nigerians’ access to foreign exchange. The Punch reported that corporations stated that this solution provided consumers with a cohesive digital platform while also streamlining and improving the FX experience. Flutterwave said in a statement that users of Swap would receive specialized cards, […]

WEMA, Mastercard partner on SME training for 10,000 women
Business

WEMA, Mastercard partner on SME training for 10,000 women

WEMA Bank claims that by providing them with support and training in a variety of enterprises and professions, it will empower 10,000 young women. According to The Punch, it stated that action would be taken in cooperation with Mastercard and the Pan-Atlantic University Entrepreneurial Development Centre. The alliance, according to the executive director for retail and digital business […]

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