Wema Bank has signed a facility of $50,000,000 with the ECOWAS Bank for Investment and Development (EBID) to impact small and medium enterprises (SMEs). This was revealed in a statement issued by the bank on Wednesday after the signing event held in Lome, Togo. The $50,000,000 facility assigned to Wema Bank aligns with EBID’s strategy […]
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Ten finalists on Monday, emerged at Wema Bank’s Hackaholics 4.0. grand finale pre-pitch competition. The finalists won over N50m cash prizes, aimed to boost innovation and technologies to create a solution-driven environment. According to the bank, “Wema Bank’s youth & start-up-focused initiative is designed to provide a platform for young innovators with game-changing, tech-driven ideas […]
Read MoreWema Bank in partnership with creator platform, Selar, is set to empower creatives and bridge existing knowledge gap in the African creative space. In a statement issued on Wednesday, the partners said that the collaboration will result in a webinar titled ‘The Digital Economy and the Future of Work,’ targeted at helping Africans, especially Nigerian, […]
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WemaBank announces its unaudited results for Half Year ended 30th June 2023.The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up 32% y/y to ₦12.98bn (H1 2022: ₦9.85bn). Profit before Tax (PBT) was […]
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Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking […]
Read MoreWema Bank, Nigeria’s leading innovative bank, has unveiled the latest brand jingle for its digital banking application, ALAT by Wema which is set to become an instant hit with customers and music lovers alike. In a release, the bank said, the new jingle is part of their continuous efforts to connect with its target audience […]
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