By Blessing Emmanuel The Nigerian Communications Commission (NCC) has authorized telecommunications operators to disconnect USSD services for nine prominent financial institutions due to unpaid debts. The disconnection is set to take effect from Monday, January 27, 2025, unless the banks…
Wema Bank, Nigeria’s innovative leader in banking and pioneer of Africa’s first fully digital bank, ALAT, has officially announced the 35 exceptional teams advancing to the grand finale pitch of Hackaholics 5.0. The grand finale pitch is set to hold…
It said the programme equips Nigerian Small and Medium Enterprises with essential skills, insights, and resources for entering and thriving in the global market. The Academy, according to a statement from the bank, hosted over 40 participants in Lagos. It…
Wema Bank has unveiled significant leadership changes with the appointment of Oluwole Ajimisinmi as the new Deputy Managing Director and Olukayode Bakare as Executive Director, both set to assume their roles on December 1, 2024. This announcement, signed by the…
Wema Bank released its third-quarter results, showing that pre-tax profits rose to N30.050 billion, compared to N10.059 billion recorded in the corresponding quarter of 2023. This helped boost the bank’s nine-month pre-tax profits to N60.616 billion. A deeper look into…
Wema Bank has bagged two awards of excellence, namely Small and Medium Enterprises (SME) Financier of the Year (Africa) and Platinum Award for Best Financier for Women Entrepreneurs (Africa). The Managing Director/ Chief Executive Officer of the bank, Moruf Oseni,…
Wema Bank says it will train and empower 100,000 youths and Micro, Small and Medium Enterprises (MSMEs) in Ekiti. Tunde Mabawonku, the bank’s Executive Director of Retail and Digital Business, in a statement on Thursday, in Ado-Ekiti, said the training…
By Esther Agbo One of Nigeria’s oldest indigenous banks, Wema Bank Plc has recorded an impressive growth in its Q2 2024 financial performance. The bank recorded a remarkable pre-tax profit growth of 270.71 per cent, reaching N19.416 billion. This impressive…
By Esther Agbo Wema Bank has introduced ALATPay, a groundbreaking payment gateway aimed at transforming the landscape for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Launched recently in Lagos, ALATPay is designed to offer MSMEs a secure end-to-end shopping…
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…
