Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission. This Rights Issue was undertaken in response to the CBN’s directive on the recapitalization of banks in Nigeria. With the successful completion and regulatory approval, Wema Bank has now met the₦200 billion minimum capital requirement applicable to commercial banks with national authorization. In addition to the…
Read MoreWEMA BANK CONCLUDES ₦150 BILLION RIGHTS ISSUE WITH CBN & SEC APPROVAL, SURPASSES REGULATORY CAPITAL REQUIREMENT
