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Wema Bank Reports Audited FY 2024 Results: Profit Before Tax Surges 135% to ₦102.5bn; Proposes ₦1.00 Dividend; Launches ₦150bn Rights Issue in April 2025
Wema Bank Nigeria has published its audited Consolidated Financial Statements for the year ended December 31, 2024, submitting the report to the Nigerian Exchange Group (NGX). The bank recorded a profit before tax of ₦102.51 billion, marking a 135% increase from the ₦43.59 billion reported in the same period of...
Wema Bank Empowers 131 Women with ₦11 Million in 5 for 5 Promo
Strengthening its reputation as a pro-women and inclusion-focused institution, Wema Bank—Nigeria’s leading innovative bank and the pioneer of Africa’s first fully digital bank, ALAT—has awarded ₦11,000,000 to 131 women across Nigeria in the Women’s Month edition of the Wema Bank 5 for 5 Promo. The eagerly awaited draw took place...
UST IN: House of Reps Approves Tax Reform Bills
House of Representatives The House of Representatives on Tuesday passed the four tax reform bills transmitted to the National Assembly in October 2024 by President Bola Tinubu. Recall that the House had on Thursday last week, considered and approved the report of the House Committee on Finance which made some...
Wema Bank Celebrates International Women’s Day 2025 …Hosts HeForShe Awards, Big Sister Programme Graduation, and More
Wema Bank, Nigeria’s leading innovator and creator of Africa’s first fully digital bank, ALAT, celebrated International Women’s Day 2025 with a grand event on March 11 at its Lagos Head Office. [caption id="attachment_9530" align="alignnone" width="300"] (L-R) Lead, Deal Matchmaking at Impact Investors Foundation (IIF), Tochi Ginigeme; MD/CEO of Wema...
TCN Reports Power Generation Peak at 5,801.84MW
A file photo of a powerline. The Transmission Company of Nigeria has announced an increase in power generation to 5,801.84 megawatts. A statement signed by its management on Wednesday said the feat is yet another milestone in peak generation, and maximum daily energy ever attained in Nigeria’s power sector....