Browsing: Wema Bank
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.
Wema Bank Processed N32trn Transactions Via Digital Channels Wema Bank continues to boost earnings, driven by a strong digital footprint,…
Wema Bank Plc hit N1 trillion in market capitalisation as the Tier-2 lender’s 2025 earnings boosted investors’ buying interest in the domestic equity market.
Wema Bank Bolsters Earnings, Expands Balance Sheet Wema Bank Plc delivered a robust Q4 2025 performance, as reflected in its…
Wema Bank Falls, Investors Rotate Positions Ahead of Earnings Wema Bank Plc lost about 5% of its market value in…
Wema Bank Completes N50 Billion Private Placement Tier-2 lender Wema Bank Plc has completed its second tranche of its N50…