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Wema Bank

Wema Bank Records Highest Increase In Banking Sector Fraud Cases, Fraudsters Target N7bn

July 3, 2026

Wema Bank recorded the highest increase in fraudulent activities among its peers in 2025, according to Prime Business Africa’s (PBA) analysis. The financial institution experienced 1,489 fraud cases between January and December

Business News·Top Stories

Wema Bank Overcomes Cost Pressures As Trading, Interest Income Soar

June 17, 2026

Wema Bank recorded N179.96 billion interest income in the first quarter (Q1) of 2026, exceeding the N110.08 billion reported in the corresponding period in 2025, representing a 63.47 percent increase. According to

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business News·Top Stories

Livestock Leads Gainers, NCR Tops NGX Losers’ List

May 13, 2026

The Nigerian Exchange (NGX), also known as the stock market, recorded N440.13 billion gain on Wednesday. NGX reported that the gain lifted the market capitalisation of the stock market to N162.05 trillion,

Business News·FEATURES·Top Stories

Zenith Bank, Stanbic IBTC… Five Best Performing Bank Shares In Q1 2026

April 13, 2026

The Nigerian commercial banks on the Nigerian Exchange (NGX) generated N3.26 trillion as gains during trading in the first quarter (Q1) of 2026, according to analysis of their stock performance by Prime

NGX Market Cap Down By N606bn, Traders Seal N50bn Deals

Business News·FEATURES·Top Stories

NGX Market Cap Hits N130trn, First HoldCo, Cadbury Among Gainers

April 7, 2026

Trading closed with a 0.16 percent increase in the all-share index (ASI) on Monday, April 7, while the market capitalisation increased by N208.64 billion. The ASI expanded by 324.21 basis points, appreciating

Business News·FEATURES·Top Stories

Wema Bank’s Fourth Largest Investor Exit Lender, Takes Out Billion-Naira Investment

April 6, 2026

Wema Bank’s fourth largest investor has exited the company, taking along billions of naira in investment, according to Prime Business Africa’s analysis of the firm’s shareholding status. In the company’s audited financial

Business News·Top Stories

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

March 12, 2026

The value of the Nigerian Exchange (NGX), also known as the stock market, dropped to N125.75 trillion on Wednesday, March 11, below the N125.85 trillion reported on Tuesday, March 10. The N107.58

Business News·Top Stories

Olorunshola, Anammah… Five Women Leading Nigerian Companies Worth Over N1trn

March 10, 2026

Out of 24 trillion-naira companies in Nigeria, only four are led by women, either as a board chair or chief executive officer (CEO), according to Prime Business Africa’s analysis of companies listed

Business News·Top Stories

Wema Bank Survives 60% Decline in Securities Investment As Topline Outpaces Expenses

March 2, 2026

Wema Bank recorded N653,28 billion gross earnings in 2025, according to the company’s consolidated and separate financial statements for the period ended December 31, 2025, surpassing the N433.43 billion generated in 2024.

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business News·Top Stories

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

February 4, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share

Business News·Top Stories

Five Bank Shares That Gave Nigerians Highest Return On Investments In 2025

January 20, 2026

In 2025, shareholders of 10 commercial banks out of 11 listed on the Nigerian Exchange (NGX), also known as the stock market, recorded a combined gain of N4.81 trillion, according to Prime

Business News·Top Stories

Five Best-Performing Banks In Q3 2025 — By Profit Growth

December 19, 2025

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by pretax profit growth in the third quarter (Q3)

Business News

Wema Bank Grows Profit By 141.59% To N127.40bn

November 26, 2025

Wema Bank closed the period between the first quarter (Q1) and third quarter (Q3) with N458.50 billion gross earnings, compared to the N289.11 billion reached in the same period in 2024. According

Business News

Wema Bank, Tantalizer, Others Wipe Off N291.93bn From NGX Market Cap

November 20, 2025

Over N291.93 billion was wiped off the valuation of the Nigerian Exchange (NGX), also known as the stock market, on Thursday, November 20. The market capitalisation had nosedived from N92 trillion reported

Business News·Top Stories

Wema Bank Reports N240.65bn Profit In Six Months

August 15, 2025

In the first half (H1) of 2025, Wema Bank recorded N240.65 billion in interest income, exceeding the N146.06 billion notched up in H1 2024, representing an increase of 64.75 percent. According to

Business News·Top Stories

UAC Nigeria, Wema Bank Raise Stock Market Cap By N369.75bn

July 31, 2025

An increase in the shares of Wema Bank, UAC Nigeria, Guinness and others on the gainers list added N369.75 billion to the market capitalisation of the Nigerian Exchange Limited (NGX) on Thursday,

Business News·Top Stories

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

July 23, 2025

Year-to-date, investing in Wema Bank has been more profitable than hoarding the United States dollar (USD), according to analysis by Prime Business Africa. Between January 2 and July 23, the dollar has

Business News·Top Stories

Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

May 20, 2025

Wema Bank’s revenue fell by 41.79 per cent to N81.27 billion in the first quarter (Q1) of 2025, failing to surpass the N139.62 billion generated in the corresponding period in 2024. The

Business News·Top Stories

GTCO, Wema Bank… Five Best-Performing Bank Stocks

April 29, 2025

At the end of the first quarter (Q1) of 2025, the market valuation of Nigerian banks appreciated by 6.24 percent, according to analysis by Prime Business Africa. The publication gathered that the

Business News·Top Stories

Wema Bank records N433bn revenue, net income increases by 139.7%

April 23, 2025

Wema Bank closed 2024 with N433.43 billion gross earnings, surpassing the N226.91 billion revenue generated in 2023, indicating a year-on-year growth of 91 percent. According to the company’s annual report for the

Business News·Finance & Economy·News

WEMA Bank, FG Partner To Empower 2 Million Youths, 1 Million MSMEs Nationwide

September 18, 2023

WEMA Bank and the Office of the Vice President have unveiled plans to launch the FGN/ALAT Digital Skill-Novation Programme, set to impact 2 million youths and empower 1 million Micro, Small, and

Business News·Markets

Wema Bank, BUA Cement, Others Cost Stock Market Investors N672bn

July 4, 2023

Wema Bank and BUA Cement are part of the stocks that dragged the Nigerian stock market capitalisation down by N672.02 billion on Tuesday. Following selloffs in these equities, including Lasaco, and PZ,

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business News·Markets

Nigerian Stock Exchange Slumps, Sheds N21.17 billion To Selloffs In Wema Bank, Others

May 31, 2023

The valuation of the Nigerian stock exchange depreciated slightly to N30.32 trillion on Wednesday, shedding N21.17 billion. According to the market data obtained from the Nigerian Exchange Limited (NGX), this is a

Business News·Insights

Top Five Best Performing Nigerian Banks

May 10, 2023

Between January to December 2022, the Nigerian banking industry post double-digit growth of 26.92 per cent year-on-year, with the sector generating a combined N5.43 trillion in total revenue from 11 commercial banks.

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business News·Markets

Investors In Cadbury, Wema Bank, Others Lose N27.58 billion In Stock Trading

April 14, 2023

About N27.58 billion was lost in the Nigerian bourse on Friday, 14 April 2023, as the stock market capitalisation depreciated from N28.29 trillion to close at N28.26 trillion on Friday. Also, the

Business News·Markets

Sell-Off in Wema Bank, Chams, Others Cost Stock Investors N35.66 billion

March 14, 2023

The market capitalisation of the Nigerian bourse settled at N30.35 trillion after trading hours on Tuesday, 14 March 2023. Investors lost N35.66 billion when today’s equity capitalisation is compared to the N30.39

Business News

Wema Bank In Search Of N25 billion, Targets Private Investors

March 3, 2023

Wema Bank has announced plans to borrow N25 billion through bond issuance, a corporate document dated 2 March 2023 has revealed. The financial institution said part of the fund will be disbursed

Business News·Markets

Investors Earn N256.3 billion, As Stock Market Cap Rises To N28.15 trillion

January 9, 2023

Investors closed trading on Monday with an N256.3 billion gain, as the market capitalisation appreciated by 0.9 per cent. This raised the market capitalisation up from N27.89 trillion to N28.15 trillion. Similarly,

Business News·News

Wema Bank Boss Adebise Retires, New MD Appointed

December 30, 2022

Wema Bank PLC has announced retirement of its Managing Director/CEO, Ademola Adebise, with effect from 31 March 2023. The bank’s management board has also appointed Moruf Oseni, current Deputy Managing Director to

Business News·Markets

Investors At Wema Bank, UACN, Others Pocket N183.59 billion, As Bourse Rises

November 30, 2022

At the end of trading on Wednesday, investors pocket N183.59 billion as the market capitalisation appreciated by 0.71 per cent. The gain lifted the market capitalisation to N25.95 trillion from Tuesday’s N25.77 trillion.

Business News

Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’, with a Stable Outlook

Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s (‘the Issuer or ‘the SVP) Series II Bond (the Issue or the Bond) to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score. The Issuer is a Special Purpose

October 27, 2022

Business News·Insights

Best Performing Bank Stocks H1: Investors Sell Off GTCO, Zenith Bank Shares To Buy Wema, Others

Shareholders of United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), Access Corporation and Zenith Bank suffered heavy losses in the Nigerian Stock Exchange during the First Half (H1) of 2022. Investors snubbed the tier-one commercial banks, resulting to a sell

October 9, 2022

Business News

Wema Bank Emerges Best Performing Bank in Half year 2022

Nigeria’s most innovative bank, Wema Bank Plc, has emerged the best performing bank in the first half of year 2022 financial year with a weighted average score of of 2.83 points, beating 12 other bank’s. According to a special report on the

October 6, 2022

News·Business News

Wema Bank Records 50% Gross Earnings In First Half Of 2022

Wema Bank Plc, pioneer of Africa’s first fully digital bank in Nigeria has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This is contained in the Financial Results for the Period Ended 30 June, 2022

August 3, 2022

Business News·Insights

Wema Bank Grows Profit 108.3% On N1trn Assets

Wema Bank PLC has announced its unaudited financial results for 2021 full-year (FY) ended December 31, recording 108.3 per cent growth in profit before tax (PBT) and total assets in excess of N1 trillion. It’s resilience, Prime Business Africa reports, was on

June 16, 2022

Business News

Wema Bank Chief Reveals Secrets On Data Storage

Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has advised accountants to store data safely and protect them against cyber threats and other criminal breaches. Adebise said this at the 16th Institute of Chartered Accountants of Nigeria

June 6, 2022

Business News·News·Top Stories

Wema Bank Grows Profit 108.3% On N1trn Assets

April 4, 2022

Entrepreneurship·Business News·News

Wema Bank Deepens Commitment to SMEs Growth

As emphasis on developing and strengthening Small and Medium Enterprises (SMEs) in Nigeria for boosting the economy continues, Wema Bank Plc, has reaffirmed its commitment to empowering players in the sector with skills and knowledge on current business trends.

March 1, 2022

Business News·News·Technology·Top Stories

Wema Bank Chief Reveals Secrets On Data Storage

February 19, 2022

Business News·News

Wema Bank Employs 69 Graduates After Its Bankers-in-training Programme

Wema Bank has announced the employment of 69 fresh graduates who successfully completed it's bankers-in-training programme recently.

February 16, 2022

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