Wema Bank

  The stock market commenced the week on a positive note with the Nigerian Exchange Limited (NGX) closing bullish Monday. The NGX All-Share Index (ASI) gained 104.82 index points or  0 20 per cent, coo currently stands at 52,319.94…

The Nigerian Exchange Limited (NGX) resumed the new week on a negative note as the bears took control of trading activities on Monday. The market closed last week bullish with equities rallying to a 1.76 per cent gain on Friday. The ASI…

Nothing gladdens a shareholder like a good return on investments and the atmosphere could be ecstatic when an unexpected happens. This is the current state of the shareholders of Wema Bank who, some years back, could not have expected the…

Wema Bank has debunked a publication which alleged money laundering and bribery on certain customer transactions in which some of its management staff were mentioned. The bank in a statement on Sunday said there was no merit in the …

Having grown its profit by 95 per cent in the 2021 financial year, Wema Bank has announced a N3.08 billion dividend payout for its shareholders. The lender in its 2021 audited financial statements released Friday afternoon showed a…

Nigeria’s leading innovative financial institution, Wema Bank Plc, has again reaffirmed its commitment to empowering and educating Small and Medium Enterprises (SMEs) with skills and knowledge on current business trends. The Divisional…

Wema Bank unaudited financial report for the 2021 operations just released shows a top industry record growth of 94 per cent in after-tax profit from N4.6 billion in 2020 to roughly N9 billion for the year. This is a confirmation of our…

Wema Bank, Union Bank and four other Tier-2 banks in Nigeria reported N177.73billion bad loans or Non-Performing Loans (NPLs) in 2020, InsideBusinessNG investigation has revealed. The NPL reported by these six Tier-2 banks rose by 4.4 per…

Wema Bank grew customers' deposits to N804.87 billion in 2020 indicating a 39.42 percent over the N577.28 billion it recorded in the previous year as the lender defied the disruption that characterised the year owing to the Covid-19 crisis.…

Wema Bank Plc, UACN Property Development Company Plc, University Press, Daar Communications and Japaul Gold were the biggest losers in Wednesday's trading session on the Nigerian Stock Exchange (NSE).  The NSE All-Share Index fell by 0.57…