Why Fitch, GCR Upgraded Wema Bank Ratings
Wema Bank has received rating upgrades from credit rating agencies Fitch and GCR. The upgrades reflect the bank’s strong performance ...
Tag: Wema Bank
One Year Later: Reporta is Improving Fraud Prevention in Nigeria’s Finance Industry
In 2023, Nigeria’s financial institutions and fintech companies joined forces to develop a digital fraud prevention platform aimed at tackling ...
NGX: Investors Gain N1.137trn as Wema, FBN Lead
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week ...
Wema Bank Profit Before Tax Increases by 174%
Wema Bank's unaudited Consolidated Financial Statements, released by the Nigerian Stock Exchange for the period ended September 30, 2024, indicated ...
Q2 Media Performance Review: Banking | Insurance | Telecom CEOs in Focus
In spite of the challenging economic conditions and their adverse effects on businesses nationwide, Nigeria's commercial banking, insurance, and telecommunications ...
Wema Bank Gets Approval for N40bn Rights Issue
Wema Bank has successfully concluded the first tranche of its recapitalization exercise, having secured all relevant regulatory approvals for the ...
What CBN Said About Safety of Nigerian Banks
The Central Bank of Nigeria has again reassured members of the banking public of the safety of their deposits and ...
9 Banks Earmark N383bn for Legal Dispute Claims – Report
Nine leading Deposit Money Banks have earmarked N383.42bn for the payment of claims that may result from ongoing legal disputes ...
Reasons Wema Bank Removed Seven Fintech Partners
Wema Bank PLC has said that it has removed and suspended about seven fintech partners from its payment gateway platform ...
Wema Bank Reports 32% Surge in Operating Expenses
Wema Bank Plc, one Nigeria’s Commercial banks, has recorded a 32 percent increase in its operating expenses to N78bn in ...
Bank Customers’ Complaints Rise by 63% in 2023
Nigerian Banks with Most Customer Complaints in 2023: Access Holdings, United Bank for Africa (UBA), Zenith Bank, Guaranty Trust Holding ...
Wema Bank Hits 60% Deposits Growth in 2023
Wema Bank Plc saw its deposits grow by 59.65 per cent to N1.86tn in 2023 from N1.16tn in the previous ...
Wema Bank Records 196% PreTax Profit
Wema Bank has announced its full Year 2023 Audited financial statement, recording profit before tax (PBT) growth of 196 per ...
Reasons UBA, Zenith, Stanbic IBTC, Others Delay in Filing 2023 Audited Results
The United Bank for Africa, Zenith Bank, Stanbic IBTC and Wema Bank had announced that they would not meet the ...
Wema Bank Appoints Two New Directors
Wema Bank Plc, Nigeria’s foremost innovative bank and pioneer of Africa’s first-fully digital bank, ALAT, has announced the appointment of ...
