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Wema Bank - Page 2

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

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

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 0.06 per cent decline when compared to Tuesday’s N30.34 trillion

May 31, 2023

Business·Insights

Top Five Best Performing Nigerian Banks

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. In the banking industry, there are 13 publicly listed commercial

May 10, 2023

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

Business·Markets

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

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 All-Share Index closed down at 51,893.94 ASI from 51,944.58 ASI, after shedding

April 14, 2023

Business·Markets

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

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 trillion recorded the previous day. This was after the All-Share

March 14, 2023

Wema Bank In Search Of N25 billion, Target Private Investors

Business

Wema Bank In Search Of N25 billion, Targets Private Investors

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 as credit to Nigeria’s Small and Medium Enterprise (SME) businesses

March 3, 2023

Business·Markets

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

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, the All Share Index increased to 51,693.08 ASI, adding 470.74 basis points

January 9, 2023

Business·News

Wema Bank Boss Adebise Retires, New MD Appointed

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 replace Adebise as Managing Director/CEO. This was confirmed in a

December 30, 2022

Business·Markets

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

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. Also, the All-Share Index appreciated from 47,322.97 ASI to 47,660.04

November 30, 2022

Business

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·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

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Wema Bank - Page 2

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

Top Five Best Performing Nigerian Banks

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

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

Wema Bank In Search Of N25 billion, Targets Private Investors

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

Wema Bank Boss Adebise Retires, New MD Appointed

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

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

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

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