Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target

Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target

Wema Bank has announced plans to raise N50 billion through a private placement, as part of its strategy to meet the N200 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with national authorization.  The post Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target  appeared first on Nairametrics.

Wema Bank Shareholders Approve ₦50bn Capital Raise, ₦1 Dividend At 2024 AGM

Wema Bank Plc has received shareholder approval to raise an additional ₦50 billion via private placement, alongside endorsing key corporate governance and financial resolutions at its 2024 Annual General Meeting (AGM) held electronically on Thursday, May 22, 2025. At the meeting, chaired virtually in compliance with regulatory standards and corporate transparency measures, shareholders ratified all […] The post Wema Bank Shareholders Approve ₦50…