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WEMA BANK: STOCK ANALYSIS
Wema is traded on the NGX under the ticker symbol “WEMABANK”. Founded in 1945, it operates over 150 branches across Nigeria. The bank offers services such as transactional accounts, savings accounts, loans, overdrafts, trade finance, and advisory services. Wema Bank...
NGX LISTS WEMA BANK’S RIGHTS ISSUE OF 8.572 BILLION SHARES
The Nigerian Exchange Limited (NGX) has listed Wema Bank Plc’s Rights Issue of 8.572 billion ordinary shares of 50 Kobo each at N4.66 per share on its Daily Official List. This addition was detailed in the NGX weekly report, as seen by...
AGUSTO & CO. UPGRADES WEMA BANK PLC TO “BBB+”
In its June 2024 report, Agusto & Co. upgraded Wema Bank Plc from a “Bbb” rating to a “Bbb+” rating, indicating improved creditworthiness. This upgrade suggests that Wema Bank has shown positive developments in its financial health and risk profile...
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