Wema Bank Plc has reported a strong profit performance in the first quarter of 2025, with profit after tax jumping by 270 per cent to N35.8 billion. This figure is …
Wema bank
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyINVESTMENTMarketsNigeriaPolicies
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Banking, Finance & InvestmentEconomyGOVERNMENTNigeriaWestern Africa
Six Banks Pay Over N751bn in Taxes for 2024
Six Nigerian banks have paid a total of N751.796 billion in taxes to the Federal and State Governments for the 2024 financial year, which ended on December 31, 2024. This …
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Banking, Finance & InvestmentBusinessEconomy
Wema Bank to pay N1 final dividend, commences N150b rights issue
Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …
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Nigeria’s leading financial institutions are gearing up for a show of strength as the SAT Nigeria SME Awards approaches, with banks such as Providus Bank, Wema Bank, and Access Bank …
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Banking, Finance & InvestmentBusinessEconomyEnergyMarketsNigeria
Subsidies of Petrol and electricity affecting poor Nigerians
The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a statement on the bank’s website announcing the …
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Wema Bank Plc said its gross earnings rose by 50 per cent N39.82bn in the first half of 2021 to N59.59bn in the corresponding period of 2022. This information is …
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AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Fitch affirms 10 Nigerian Banks at ‘B’, Outlook Stable
Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, …
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AfricaAirtelBanking, Finance & InvestmentBusiness and EconomyNigeriaWestern Africa
Nigeria’s capital market gains N470bn as Wema Bank, Airtel lead recovery
The Nigerian capital market halted its losses following the increase in the market share by 1.70 percent on Friday. Data obtained from the capital market revealed that the growth lifted …
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Wema Bank Plc, has launched the Leadership Development School as an addition to its Purple Academy to help in the overall development and transformation of its workforce. Speaking at the …
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Banking, Finance & InvestmentWestern Africa
Wema Bank probes privacy breach reacts to data protection agency
The Nigeria Data Protection Bureau (NDPB) says it is investigating Wema Bank PLC and KC Gaming Networks (Bet Naija), for alleged breach of customers’ data privacy. The bank is accused …