Wema Bank Plc has notified the Nigerian Exchange and the investing public that the Company will raise additional capital of N50 billion by way of Private Placement minimum recapitalization requirement for a National licensed bank.
This resolution was made at the 2024 Annual General meeting of the Bank held electronically on the 22nd of May, 2025
It was unanimously resolved “that the Bank raises additional capital in the sum of N50 billion (Fifty Billion Naira) only by way of Private Placement to meet a portion of the minimum recapitalization requirement for a National licensed bank”.