Wema Bank Clinches ‘Commercial Bank of the Year’ Award at 2025 Nairametrics Capital Market Awards

Wema Bank has been honoured as the ‘Commercial Bank of the Year’ at the 2025 Nairametrics Capital Market Choice Awards (NCMC Awards), held on May 23rd at Lagos’s Civic Center. This accolade recognises the bank’s outstanding performance and strategic excellence in Nigeria’s financial sector.

Known as Nigeria’s most innovative bank and the trailblazer behind Africa’s first fully digital bank, ALAT, Wema Bank impressed judges with its remarkable financial results. The bank recorded a pre-tax profit of ₦102 billion in 2024, showcasing strong revenue growth and impressive returns on equity. Its unwavering commitment to digital innovation, disciplined execution, and investor-centric strategies set it apart amid fierce competition from industry giants.

The award coincides with Wema Bank’s 80th anniversary, a milestone that underscores its evolution from a regional lender to a forward-thinking, digitally-led national institution. CEO Moruf Oseni expressed pride in the recognition, stating, “This award affirms our bold transformation journey and our dedication to delivering value. As we celebrate eight decades of impact, we remain committed to innovation, trust, and sustainable growth.”

In addition to the top accolade, Wema Bank was also nominated in the highly competitive ‘Company of the Year’ category, standing out as the only financial institution among energy sector leaders. This dual recognition highlights Wema Bank’s expanding influence and reputation as a dynamic, future-ready organization.

The Nairametrics awards spotlight entities driving meaningful change in Nigeria’s capital markets. Wema Bank’s recent achievements reinforce its position as a leader in innovation and financial excellence, poised for continued growth in 2025 and beyond.