Tag: Wema Bank

Wema Bank
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Wema Bank partners Duplo to expand into business financial software 

Wema Bank Duplo partnership adds financial software tools to ALAT Business as banks compete for SME and corporate.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian gambling magnate Kessington Adebutu
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Nigerian gambling magnate Kessington Adebutu sees $67 million drop in Wema Bank stake

Wema Bank stake decline shows a $67 million drop in Kessington Adebutu holding amid NGX banking sector pressure.

Timilehin Adejumobi Timilehin Adejumobi
Wema Bank secures $56.9 million EIB deal for SMEs,
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Wema Bank secures $56.9 million EIB deal for SMEs, women and youth

Wema Bank secures a $56.9 million EIB Global facility to expand funding for Nigerian SMEs, women entrepreneurs and youth.

Oluwatosin Alao Oluwatosin Alao
Lagos-based lender Wema Bank Plc.
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Wema Bank’s Q1 2026 profit rises to $46.4 million on stronger lending income

Wema Bank's profit after tax rose to $46.4 million in Q1 2026, driven by a surge in net interest income and continued retail and corporate loan growth across Nigeria.

Omokolade Ajayi Omokolade Ajayi
Wema Bank
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Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The figures mark a sharp increase from 2024, when fraud exposure stood at N255.9 million ($188,000), with losses limited to N29.4 million ($21,500).

Editorial Team Editorial Team
Wema Bank
BusinessHot News

From Agbonmagbe to ALAT: How Wema Bank Plc reinvented itself into Nigeria’s digital banking pioneer

Founded in 1945 as Agbonmagbe Bank, Wema began as a modest indigenous enterprise at a time when colonial-era banks dominated Nigeria’s financial system

Feyisayo Ajayi Feyisayo Ajayi