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Press Releases 2018-02-20T14:09:56+00:00

Press Releases

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1901, 2017

Wema Bank appoints Ademola Adebise as Deputy Managing Director

January 19th, 2017|Categories: Press Releases|

Wema Bank appoints Ademola Adebise as Deputy Managing Director  LAGOS, NIGERIA – January 19, 2017 – Wema Bank Plc. (Bloomberg: WEMABANK: NL) The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank. The board announced this at a retreat held recently in Lagos. The Central Bank of Nigeria (CBN) has now [...]

1701, 2017

Wema Bank launches solar-powered mobile branch

January 17th, 2017|Categories: Press Releases|

Wema Bank Plc. has gone a step further in making banking convenient for its customers and Nigerians in general by launching a new mobile branch “Wema Bank on Wheels” that will be accessible to everyone in all parts of the country. The new truck where normal branch services are offered is also fitted with two automated teller machines (ATM), and [...]

1412, 2016

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

December 14th, 2016|Categories: Press Releases|

Dual Listing of Series (1) 7-Year 18.50% Fixed Rate Bond of WEMA Funding SPV PLC LAGOS, NIGERIA – 14th December 2016 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema’ or “the Bank”), announces the dual listing of its series (1) 7-year Bond under the N50,000,000,000 Wema Funding SPV Plc Debt Issuance Programme. The bond tenure is 7 years (due 2023) [...]

112, 2016

Wema Bank partners with Etisalat to launch Bespoke Account for Nigerian Youth

December 1st, 2016|Categories: Press Releases|

Wema Bank and Etisalat Launch Bespoke Account for Nigerian Youth Lagos, Nigeria, December 1, 2016: Wema Bank Plc, one of Nigeria’s foremost financial institutions, and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed at ensuring financial inclusion for more Nigerians, especially the youth. The newly launched WemaEasySavers is an easy to open and use account designed [...]

2801, 2016

Interswitch Pioneers Card Transaction Control With Wema Card Control

January 28th, 2016|Categories: Press Releases|

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. The fully customizable solution comes with [...]

1911, 2015

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

November 19th, 2015|Categories: Press Releases|

The Central Bank of Nigeria has granted its Final Approval to Wema Bank Plc to convert its Banking license from a Regional Bank to a National Bank. In 2010, Wema Bank downscaled to operate only within its core areas of business – South-South, South-West and FCT Abuja. Now, the Bank with a capital base of N43.8 billion has met the regulatory [...]

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