Press Releases

Date Title
21 November 2016

Fitch Rating Affirms Wema Bank’s Long-Term National Rating At BBB- With A Stable Outlook

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. This is reflective of the Bank’s stable outlook and continued viability, in spite of the challenging macro-economic environment.

21 October 2016

WEMA Bank Plc Unaudited Financial Results for the 9 months ended September 30th, 2016.

Wema Bank’s Q3’16 result shows modest improvement in operating indices despite the slowdown in the operating environment. Speaking on the release of the result, the MD/CEO, Segun Oloketuyi gave further insight into the numbers.

14 December 2016

Dual Listing of Series (1) 7-Year 18.50% Fixed Rate Bond of WEMA Funding SPV PLC

Today, Wema Bank completed the final stage of the Bond issuance process – the listing of Wema Bank’s series 1 (N6,295,000,000) 7-year Bond on both the FMDQ and NSE Exchanges. This is to ensure enough liquidity for the instrument and invariably increase the pool of potential investors.

28 January 2016

Interswitch Pioneers Card Transaction Control With Wema Card Control

Africa’s fastest growing technology company, Interswitch Transnational has announced the launch of an innovative new solution for setting card transaction permissions and controlling transaction types and amounts. Known as ‘Transaction Control’, this revolutionary solution from Interswitch is a card based anti-fraud solution that automatically locks down a bank’s issued cards based on preset criteria.

19 November 2015

Wema Bank Obtains Final Approval for Commercial Banking License With National Authorisation

LAGOS, NIGERIA – November 18, 2015 – Wema Bank PLC (“Wema” or “the Bank”), Wema Bank Plc, one of Nigeria’s premier financial institutions has been granted a National Banking License; an upgrade from its current regional banking authorization after complying with the Central Bank of Nigeria’s requirements.

05 October 2015

Wema Bank Unveils Service Charter

Wema Bank Unveils Service Charter

23 July 2015

Wema Bank H1 2015 conference call audio and transcription

Wema Bank H1 2015 conference call audio and transcription

23 July 2015

Fitch Rates Wema “BBB-“ (Short Term National Rating)

Fitch Ratings-London- June 2015: Fitch Ratings has published Wema Bank Plc's (Wema) Long-Term Issuer Default Rating (IDR) of 'B-' with a Stable Outlook, Short-Term IDR of 'B' and Viability Rating (VR) of 'b-'. Fitch has also published Wema's Long-term and Short-term National Ratings of 'BBB-(nga)' and 'F3(nga)', respectively.

23 July 2015

Wema Bank H1 2015 Results

WEMA Bank Plc Unaudited financial results for the period ended June 30, 2015. WEMA BANK H1 2015 RESULTS

30 June 2015

Nurudeen Fagbenro Retires as Executive Director, Wema Bank Plc

Wema Bank Plc announces retirement of Nurudeen Fagbenro, Executive Director, Wema Bank Plc.

21 November 2016

Fitch Rating Affirms Wema Bank’s Long-Term National Rating At BBB- With A Stable Outlook

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. This is reflective of the Bank’s stable outlook and continued viability, in spite of the challenging macro-economic environment.

21 October 2016

WEMA Bank Plc Unaudited Financial Results for the 9 months ended September 30th, 2016.

Wema Bank’s Q3’16 result shows modest improvement in operating indices despite the slowdown in the operating environment. Speaking on the release of the result, the MD/CEO, Segun Oloketuyi gave further insight into the numbers.

14 December 2016

Dual Listing of Series (1) 7-Year 18.50% Fixed Rate Bond of WEMA Funding SPV PLC

Today, Wema Bank completed the final stage of the Bond issuance process – the listing of Wema Bank’s series 1 (N6,295,000,000) 7-year Bond on both the FMDQ and NSE Exchanges. This is to ensure enough liquidity for the instrument and invariably increase the pool of potential investors.

28 January 2016

Interswitch Pioneers Card Transaction Control With Wema Card Control

Africa’s fastest growing technology company, Interswitch Transnational has announced the launch of an innovative new solution for setting card transaction permissions and controlling transaction types and amounts. Known as ‘Transaction Control’, this revolutionary solution from Interswitch is a card based anti-fraud solution that automatically locks down a bank’s issued cards based on preset criteria.

19 November 2015

Wema Bank Obtains Final Approval for Commercial Banking License With National Authorisation

LAGOS, NIGERIA – November 18, 2015 – Wema Bank PLC (“Wema” or “the Bank”), Wema Bank Plc, one of Nigeria’s premier financial institutions has been granted a National Banking License; an upgrade from its current regional banking authorization after complying with the Central Bank of Nigeria’s requirements.

05 October 2015

Wema Bank Unveils Service Charter

Wema Bank Unveils Service Charter

23 July 2015

Wema Bank H1 2015 conference call audio and transcription

Wema Bank H1 2015 conference call audio and transcription

23 July 2015

Fitch Rates Wema “BBB-“ (Short Term National Rating)

Fitch Ratings-London- June 2015: Fitch Ratings has published Wema Bank Plc's (Wema) Long-Term Issuer Default Rating (IDR) of 'B-' with a Stable Outlook, Short-Term IDR of 'B' and Viability Rating (VR) of 'b-'. Fitch has also published Wema's Long-term and Short-term National Ratings of 'BBB-(nga)' and 'F3(nga)', respectively.

23 July 2015

Wema Bank H1 2015 Results

WEMA Bank Plc Unaudited financial results for the period ended June 30, 2015. WEMA BANK H1 2015 RESULTS

30 June 2015

Nurudeen Fagbenro Retires as Executive Director, Wema Bank Plc

Wema Bank Plc announces retirement of Nurudeen Fagbenro, Executive Director, Wema Bank Plc.

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