By Seun Ibiyemi
Wema Bank Plc has announced the commencement of a Closed Period in line with Rules 17.17–17.18 of the Nigerian Exchange Limited (NGX) Rulebook (as amended).
The statement was signed by the Company Secretary and General Counsel, Mr. Johnson Lebile.
According to a statement by the Bank, the Closed Period became effective from January 1, 2026, and will remain in place until twenty-four (24) hours after the release of its Unaudited Financial Statements for the fourth quarter ended December 31, 2025, and its Audited Financial Statements for the year ended December 31, 2025, together with other relevant disclosures, through the NGX Issuers’ Portal.
The Bank explained that during the Closed Period, insiders and persons closely connected to them are prohibited from directly or indirectly buying or selling the Bank’s shares in any form until twenty-four hours after the financial results have been published on the NGX portal and made available to the investing public.
Wema Bank noted that all insiders and their connected persons have been duly notified of the restriction in compliance with regulatory requirements.