Wema Bank Plc has announced the successful conclusion of the second tranche of its N50 billion Special Placement, which was fully subscribed, further boosting its capital base.

In a press release dated October 17, 2025, the Bank described the development as a key milestone in its capital management program, designed to strengthen its balance sheet, support future growth, and ensure full compliance with the Central Bank of Nigeria’s updated minimum capital requirements.

This capital raise follows the completion of a N150 billion Rights Issue in September 2025, bringing Wema Bank’s total qualifying capital to N264.87 billion—well above the CBN’s N200 billion threshold for Commercial Banks with National Authorization.

Commenting, the Managing Director/CEO of Wema Bank,
Mr. Moruf Oseni, stated, “We are delighted to have received all necessary regulatory approvals for our N50 billion special placement. This marks another major step in our strategy to strengthen Wema Bank’s capital base, enhance liquidity, and position the institution to pursue emerging opportunities for sustained growth. We appreciate the continued confidence and support of our shareholders, regulators, and customers as we execute our growth agenda.”

Proceeds from the placement will be deployed to fast-track Wema Bank’s digital transformation, enhance its reach across retail, SME, and corporate segments, and increase lending capacity to critical sectors of the Nigerian economy.

The funds will also support continued investments in technology and human capital, improving operational efficiency and service quality.

With the completion of this tranche, Wema Bank has strengthened its capital position well ahead of the March 2026 deadline, bolstering investor confidence while some peers are still striving to meet regulatory requirements.

On September 10, 2025, Wema Bank announced the successful completion of its N150 billion rights issue, raising its qualifying capital to N214.7 billion.

This positions the Bank comfortably above the Central Bank of Nigeria’s N200 billion threshold and well ahead of the March 2026 deadline. While some peers continue to scramble to meet capital requirements, Wema Bank has de-risked early, boosting investor confidence.

With Q3 2025 results expected soon, the Bank’s robust first-half performance is anticipated to be sustained.

On September 10, 2025, Wema Bank announced the completion of its N150 billion rights issue, raising its qualifying capital to N214.7 billion.

This places the Bank comfortably above the Central Bank of Nigeria’s N200 billion threshold and well ahead of the March 2026 deadline. While some peers are still scrambling to raise capital, Wema Bank has de-risked early, strengthening investor confidence.

With Q3 2025 results expected soon, the Bank’s strong performance in the first half of the year is anticipated to continue, reflecting sustained operational resilience and positive market sentiment.