Wema Bank, Nigeria’s oldest indigenous national bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully met and surpassed the Central Bank of Nigeria’s (CBN) recapitalisation requirements, reaffirming its status as a National bank. This achievement represents a critical milestone in the Bank’s growth journey, reflecting its ability to meet regulatory expectations and its deliberate strategy to scale sustainably, strengthen its balance sheet, and reinforce its position within Nigeria’s banking sector. The milestone follows the Bank’s successful completion of a ₦150 billion Rights Issue and an additional ₦50…
Read MoreWEMA BANK MEETS CENTRAL BANK OF NIGERIA’S RECAPITALISATION; RETAINS NATIONAL BANKING LICENSE
