ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, October 31, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Brands & Marketing

Wema Bank Completes ₦150 Billion Rights Issue, Secures CBN and SEC Approval, Exceeds Capital Requirement

In addition to the Rights Issue, the bank concluded a ₦50 billion private placement, which is currently awaiting regulatory approval.

by NewsOnline Nigeria
September 12, 2025
in Brands & Marketing
0
Wema Bank

Wema Bank has completed ₦150 Billion Rights Issue, secured CBN and SEC approval and also exceeded capital requirement.

NewsOnline Nigeria reports that Wema Bank Plc has announced the successful completion of its ₦150 billion Rights Issue, officially approved by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).

The capital-raising exercise, which opened on April 14 and closed on May 21, 2025, was oversubscribed, boosting the bank’s qualifying capital to ₦214.7 billion, surpassing the ₦200 billion minimum threshold for commercial banks with national authorization.

In addition to the Rights Issue, the bank concluded a ₦50 billion private placement, which is currently awaiting regulatory approval. Together, these initiatives significantly strengthen Wema Bank’s capital base, enhancing its resilience, growth potential, and capacity to meet regulatory demands well ahead of the CBN’s 2026 recapitalization deadline.

ALSO: NUPRC Secures $400M Oilfield Decommissioning Liabilities, Tightens Rules on Asset Divestments

Speaking on the milestone, Wema Bank’s Managing Director/CEO, Moruf Oseni, described the achievement as a reflection of the confidence shareholders and stakeholders have in the institution.

“Our success in surpassing the ₦200 billion benchmark ahead of the deadline not only reinforces our strong financial standing but also attests to the mutual trust between Wema Bank and its shareholders. We remain committed to delivering optimum value to all stakeholders,” Oseni said.

The bank emphasized that the capital injection provides a solid foundation for long-term stability, underpins its compliance with regulatory standards, and positions it to expand support for customers while contributing to the resilience of Nigeria’s financial system.

Previous Post

BREAKING: Air Peace Pilot and Co-pilot Test Positive For Alcohol, Hard Drugs

Next Post

Jonathan, Obi in Fresh Talks as Opposition Push for 2027 Gains Momentum

Next Post
Obidient Movement

Jonathan, Obi in Fresh Talks as Opposition Push for 2027 Gains Momentum

Trending Stories

No Content Available

Latest Stories

Zenith Bank

Zenith Bank Posts Stellar Q3 2025 Results, Earnings Hit ₦3.4 Trillion as Profit Before Tax Stands Strong at ₦917.4 Billion

Christians in Nigeria

Trump Warns of “Existential Threat” to Christians in Nigeria, Calls for U.S. Probe into Alleged Mass Killings

Christian Genocide

BREAKING: President Trump Defends Nigerian Christians Amid Alleged Genocide

Design Week Lagos 2025

Design Week Lagos 2025 Ends in Grand Style, Cements Lagos as Africa’s Creative Capital

Activist Agba Jalingo

Activist Agba Jalingo Alleges Prison Officials Sell Cell Spaces to Wealthy Inmates for ₦300,000

Finance Minister Wale Edun

BREAKING: Finance Minister Wale Edun Reportedly Collapses After Seeing Failed Coup “Kill List”

PDP 2025 National Convention

BREAKING: Court Halts PDP 2025 National Convention, Bars INEC from Recognizing Outcome

Lagos Fashion Week

Google Trends Reveal Nigeria’s Bold Fashion Revival Ahead of Lagos Fashion Week

Army Chief Waidi Shaibu

BREAKING: Army Chief Waidi Shaibu Approves Major Shake-Up Amid Failed Coup Plot

Jiji

Jiji Unveils “Deals Na Water” Black Friday, Promising Nigerians Up to 85% Discounts

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria