Browsing: Wema Bank Plc

Nigerian lender, Wema Bank Plc, saw its market value decline slightly to N86.149 billion on Friday due to selloffs. Ahead of its annual meeting with shareholders, the bank’s share price has plunged more than 46% behind its 52 week high.

The Federal Government, through the Office of the Vice President (VP), Kashim Shettima, is set to launch a digital hub that will empower one million

Fitch Ratings has again kept Wema Bank Plc on its rating watch negative (RWN), a first step towards potential downgrade,

Wema Bank Plc earnings plunged significantly as lender business suffered from the impacts of coronavirus, protests and stiff regulation.

Wema Bank: Weak Earnings, Bleak Outlook Validate Concerns on Vulnerability – Meristem
Lender’s Suffered Regulatory-Induced Risk Straining Earnings
₦89.14 billion CRR Debit Against Lender, Earned Zero Interest
Equity Analysts Downgrade Stock to SELL
Topline Outlook Revised from Modest to Bearish Due

Wema Bank Builds Training Academy to Enhance Innovation, Performance. Wema Bank Plc has built a new training school, Wema Purple Academy, with the multi-purpose function of providing quality training for staff as well as a space for innovators to collaborate.

In general, the recent devaluation of Naira has a rub off effects on lender’s capital, at least by 18%. Wema Bank stock market worth in dollar term pitched at USD$61.111 billion. The Central Bank of Nigeria in what it termed technical adjustment raised official foreign exchange rate from ₦305 to ₦360.

Wema Bank Plc suspends loan repayment for SMEs

Wema Bank Celebrates 75 years, Introduces Earn-From-Home Programme