Tag: Wema Bank

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,
BusinessGlobal News

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