Tag: Wema Bank

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

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