Browsing: Wema Bank

Equities investors on the Nigerian Exchange (NGX) gained more than N103 billion as mid- and large-cap stocks

Tier-2 lender Wema Bank Plc shrank in market value as investors bet against the financial services company’s weak earnings per share delivered in the first half of 2026.

The Nigerian Exchange (NGX) equities market capitalisation declined by about N959 billion…

GCR Ratings (GCR) has upgraded Wema Bank Plc’s national scale long and short-term issuer ratings to A(NG)

The market value of Wema Bank Plc.’s 40.118 billion outstanding shares declined by more than 10% over the last five trading sessions due to sell pressure to N1.203 trillion.

Wema Bank Plc’s market value declined by more than 9% due to heavy sell-offs on the local bourse on Tuesday. Its sharp price depreciation aligned with a broader downturn in the stock market.

Fitch Ratings has upgraded Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and its Viability Rating (VR) to ‘b’ from ‘b-‘.  With stable outlooks, Fitch also upgraded Wema’s National Long-Term Rating to ‘A(nga)’ from ‘A-‘(nga)’.

Wema Bank’s Profit Surges to N221.9bn as Tier 1 Ambition Grows Wema Bank Plc says it is intensifying efforts to…

Wema Bank has firmly rejected allegations surrounding the sale of high-value properties in Banana Island linked to the defunct Gulf Bank, maintaining that the transactions were lawful, commercially justified, and executed strictly within the framework of debt recovery obligations owed to the bank.

The market value of Tier-2 financial services company Wema Bank Plc fell by about 8.5% over the last seven trading sessions, tracking below its 52-week high due to deteriorated investor sentiment.