Business
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.

(L-R) Lead, Deal Matchmaking at Impact Investors Foundation (IIF), Tochi Ginigeme; MD/CEO of Wema Bank PLC, Moruf Oseni; Chairman, Board of Directors, Wema Bank PLC, Dr. Oluwayemisi Olorunshola; Director, Enterprise Development Centre (EDC), Pan-Atlantic University, Dr. Nneka Okekearu; and CEO of Hervest, Solape Akinpelu, at the Wema Bank International Women’s Day event in Lagos today.
The Wema Bank International Women’s Day 2025 Event convened iconic women from diverse fields and industries to dissect the topic “Harnessing Innovation & Technology To Accelerate Financial Inclusion for Women”. Deriving from the global IWD 2025 theme “Accelerate Action”, the Wema Bank International Women’s Day 2025 event highlighted the need for implementing an innovative approach to promoting financial inclusion for all women and forging long term sustainability for women empowerment.
Among the major highlights of the Wema Bank International Women’s Day 2025 event were the Women Network’s graduation ceremony of the Big Sister Programme Cohort 2; special performances across music and poetry; the HeForShe 2025 Awards where outstanding male employees of Wema Bank who have made outstanding strides in accelerating action towards women empowerment, were awarded to encourage more men to become pro-women; and a panel session featuring distinguished women who have been instrumental in accelerating action for women empowerment.
Moderated by Media Personality and TV Presenter, Olive Emodi, the session featured three panelists including Dr. Nneka Okekearu, the Director of the Entreprise Development Centre of Pan-Atlantic University, Solape Akinpelu, CEO of Harvest and Tochi Ginigeme, Lead Deal Matchmaking at Impact Investors Foundation; all of whom provided invaluable insights and visionary contributions to the perceptive discussion on addressing roadblocks and leveraging innovation for women empowerment.
This grand event panned out excellently, receiving commendation from women across Nigeria.Attesting to Wema Bank’s commitment to women empowerment Chairman, Dr. Mrs. Oluwayemisi Olorunshola, the Chairman of Wema Bank, highlighted the Bank’s role in promoting the Sustainable Development Goals (SDGs) towards the global advancement of gender equality. According to her, ““The theme of this year’s International Women’s Day is “Accelerate Action”, and as the first female Chairman of Wema Bank, my career is a testament to the impact that can be generated and the change that can be achieved, when individuals and corporations take decisive steps to accelerate action for women empowerment.
The goal of the 5th Sustainable Development Goal, ‘Gender Equality’, is to build a world where woman can thrive without discrimination and oppression, and we must all do the work to contribute to the achievement of this goal”.
Emphasising the deep-rooted nature of Wema Bank’s commitment to empowerment, Mr. Moruf Oseni (FCIB), Wema Bank’s MD/CEO commented, “This mission of empowering lives is one that is deeply rooted in our identity as Wema Bank. From inception in 1945 to present, we have carried on the mission of empowering our people. A lot has changed in the last 8 decades but one thing that has remained constant is our commitment to inclusion, empowerment and support for women.
As a Bank, we recognise the gender equality gap that exists globally, and we understand the need for a tailored approach to addressing this challenge. This is why we launched our women-focused proposition, SARA by Wema, in 2019, and why we continue to take intentional steps towards empowering women”.
“Since the launch of SARA, we have banked over 400,000 unbanked women, disbursed over N75 billion in low-interest loans and over $20,000 in grants, created over 900 jobs for women, provided market access for 3,000 women, connecting them with over 135,000 customers and generating over $4 million in sales; and these are just to mention a few. Why have we been so intentional in the gender space? Because “Accelerating Action”, for us at Wema Bank, is beyond lip service.
We walk the talk when it comes to women empowerment and today, we are gathered here to not only celebrate the exceptional impact we have made in empowering women for 8 decades, but more importantly, raising the right conversations and driving the right actions as we look ahead to a future of much greater possibilities. Wema Bank has supported women since 1945 and we celebrate our 80 years anniversary come May 2nd, 2025, we are more driven than ever to continue empowering women and building a future where women thrive, where equity is the norm, and where equality and empowerment are not just ideals but realities”.
Wema Bank has proven itself to be a gender inclusion and equality driven organisation, going above and beyond to empower women from all walks of life to thrive, and contributing to the advancement of the global movement for gender equality.
As Wema Bank counts down to 80 years, the world joins in to celebrate Nigeria’s oldest indigenous and most resilient bank, pioneering innovative impact in the African banking industry since 1945 and beyond 2025.
Business
Nigeria’s Inflation Rate Rises For 3rd Consecutive Month
Nigeria’s inflation rose for the third consecutive month to 15.93 percent in May 2026 from 15.69 percent recorded in April.
The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation data released on Monday.
This means that in May, the country’s inflation rose on a month-on-month basis by 1.75 percent.
Also, the report showed that food inflation also skyrocketed to 16.96 percent in May, up from 16.06 percent recorded the previous month.
“In May 2026, the headline inflation rate on a month-on-month basis was 1.75 percent, which was 0.39 percent lower than the rate recorded in April 2026 (2.13 percent).
On a year-on-year basis, the headline inflation rate rose to 15.93 percent, up from 15.69 percent in April 2026 and down from 26.06 percent in the same month of the preceding year (May 2025).
“The Food inflation rate in May 2026 on a month-on-month basis was 2.98 percent, down by 0.65 percentage points from April 2026 (3.63 percent). On a year-on-year basis, it was 16.96 percent and stood at 24.55 percent in the same month of the preceding year, May 2025”.
Recall that the headline inflation rate dropped in March and April, respectively even as the Central Bank of Nigeria retained the country’s interest rate 26.50 percent in its 305th Monetary Policy meeting.
Business
World Bank Ranks Nigeria’s Ports Among Top 20 Globally
The World Bank has named Nigeria’s ports among the top 20 improved ports globally.
Word Bank disclosed this in its 2025 Container Port Performance Index, released June 2026.
According to the data, Nigeria’s ports, Tincan Island and Apapa, maintained number 10 and 12, respectively, on the World Bank’s CPP1 for 2025.
Commenting on the report, the Managing Director of the Nigerian Ports Authority, NPA, Abubakar Dantsoho, attributed the development to improved investment in port infrastructure by President Bola Tinubu’s government.
The investor-friendliness environment provided by Tinubu he said, has also made for the gravitas needed for increased investment to implement “our port infrastructure and equipment modernization drive”.
Business
Wema Bank Rewards 273 Customers in 5 for 5 Rewards Campaign
One month after launching Season 5 of its flagship 5 for 5 Rewards campaign, Wema Bank has rewarded 273 customers with a total of ₦17.96 million, demonstrating the strong early impact of its refreshed customer rewards platform and reinforcing its commitment to rewarding everyday banking.
Launched on May 2, 2026, as part of the Bank’s 81st anniversary celebration, this season of the campaign introduced a more structured and inclusive rewards framework designed to encourage positive financial habits while recognising customer loyalty across the Youth, Women and Mass Market segments.
The season opened with a special anniversary activation at Ikeja City Mall, where 81 customers received ₦81,000 each, resulting in ₦6.56 million in rewards on launch day. Since then, the campaign has continued to reward customers through daily and monthly draws, with an additional 192 winners emerging within the first month.
Across the Youth segment, 37 students have received rewards worth ₦4.4 million, including 20 students who received ₦50,000 PocketMoni rewards and 17 university students who received ₦200,000 each in Tuition Support.
The Women segment also recorded strong participation, with 12 customers receiving ₦150,000 each through the #SelfCare category, while the Mass Market segment recorded the highest number of winners. Within the first month, 120 customers received daily cash rewards, and 23 customers won ₦200,000 each in the monthly draw, bringing total rewards in the category to ₦5.2 million.
Commenting on the campaign’s early impact, Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, said; “At Wema Bank, we believe loyalty should be rewarded in ways that are meaningful, transparent and accessible. The response to Season 5 of the 5 for 5 Rewards campaign has been encouraging, and seeing hundreds of customers benefit within just one month reinforces our belief that everyday banking should create everyday opportunities.
Beyond rewarding transactions, we are encouraging positive financial habits while delivering real value to our customers. He added; “This is only the beginning. With more reward categories, more winners and more opportunities still ahead, we remain committed to creating meaningful impact for our customers and ensuring more Nigerians experience the value of banking with Wema.”
Customers can participate by opening or reactivating a Wema Bank account, funding it with a minimum of ₦5,000, maintaining an average monthly balance of ₦5,000, and completing at least five transactions every month using the ALAT app, Wema or ALAT cards, or *945#.
With over ₦170 million earmarked for rewards between May and December 2026, thousands more customers are expected to benefit as the campaign continues, reaffirming Wema Bank’s commitment to rewarding loyalty, promoting positive financial behaviour and delivering value beyond banking.
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