Wema Bank Completes ₦50 Billion Capital Raise, Surpasses Regulatory Capital Thresholds

Wema Bank Plc has announced the successful completion of its second tranche of a ₦50 billion private placement, fully subscribed and approved by regulators. This follows the earlier ₦150 billion rights issue completed in September 2025. With this new infusion, the bank’s total qualifying capital now stands at approximately ₦264.87 billion, comfortably exceeding the N200 billion minimum required for a National-Authorized Commercial Bank.

This capital augmentation signifies a strategic milestone in Wema Bank’s ongoing efforts to strengthen its financial position, support sustainable growth, and adhere to the Central Bank of Nigeria’s revised capital adequacy standards.

Commenting on the achievement, Mr. Moruf Oseni, Managing Director and CEO, stated: “We are pleased to have secured all necessary regulatory approvals for our ₦50 billion special placement. This accomplishment reinforces our commitment to building a resilient capital base, improving liquidity, and positioning Wema Bank to capitalize on emerging opportunities for long-term growth. We thank our shareholders, regulators, and customers for their continued trust and support as we advance our strategic objectives.”

The funds raised will be directed toward accelerating Wema Bank’s digital transformation initiatives, expanding our reach across retail, SME, and corporate sectors, and enhancing our lending capacity to vital sectors of Nigeria’s economy. Additionally, the capital will support ongoing investments in technology and human resource development to promote operational efficiency and service excellence.

Wema Bank remains dedicated to delivering value to shareholders, empowering customers with innovative financial products, and contributing to Nigeria’s economic development and financial inclusion goals.