Wema Bank has said it is collaborating with the Lagos State government to address common challenges confronting cooperative societies in the state. Such challenges include poor access to loans, manual recordkeeping, inefficient communication and planning, tedious processes and insecurity of…
Wema Bank, the pioneer of Africa’s first fully digital bank, ALAT, has charged stakeholders to prioritise digital empowerment for MSMEs as a measure for championing a sustainable MSME ecosystem in Nigeria. The charge was made at the International MSMEs Day…
The Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, has disclosed that after the fresh banking sector recapitalisation, the bank would retain its national licence while aiming for tier-1 banking status. Oseni said this during the week at the…
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to wrap up the season 3 edition of its remarkable reward initiative, the 5 for 5 Promo, in a grand finale slated for…
Wema Bank has launched the fifth edition of its tech competition, ‘Hackaholics’, to foster innovation and empower youths as well as startups in addressing societal challenges. The bank made this known at a news conference to announce Hackaholics 5.0, on…
Wema Bank found itself on the wrong side of seven Nigerian laws in 2023, paying penalties totalling N61.350million in one year. This was revealed in the bank’s full-year 2023 financial statement, which showed that the lender contravened a cybersecurity law,…
Wema Bank Plc Managing Director/CEO, Moruf Oseni, has emphasised the importance of equity for women in the workplace while revealing that the bank has set aside N8.9 billion in uncollateralised loans for women. Oseni made these remarks at the Wema…
116 customers of Wema Bank were rewarded with about N8 million in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In a statement, the firm said the live draw, which was held at the Oba…
Wema Bank experienced a significant boost in investor confidence following its substantial rights issue in December 2023. The bank offered 8,572,103,573 ordinary shares at N4.66 per share, with a two-for-three ratio for existing shareholders as of September 28, 2023. The…
Wema Bank announced that it raised N40 billion earlier this month, ahead of a possible banking industry recapitalisation exercise. According to the announcement by the bank’s CFO, the bank is also seeking to raise more funds through a share placement…
