Investors Gear Up for Wema Bank’s N200bn Capital Raise!
Wema Bank Plc is set to make waves in the Nigerian financial market as it prepares to launch its N200 billion Rights Issue and Special Placement on April 1, 2025. Shareholders, stockbrokers, and institutional investors are already positioning themselves to take part in this massive capital raise, a move expected to strengthen the bank’s financial standing and fuel future growth.
Strategic Capital Raise to Meet CBN Requirements
In compliance with the Central Bank of Nigeria (CBN)’s new capital requirements, Wema Bank has filed an application with the Nigerian Exchange Limited (NGX) to raise:
✔ N149.3 billion via a Rights Issue—offering 14.29 billion ordinary shares at N10.45 per share.
✔ N50 billion through private placement.
Global Asset Management Nigeria Limited and Qualinvest Capital Limited are the designated stockbrokers handling the transaction.
Wema Bank’s Strong Market Performance
Wema Bank’s stock has been a top performer on the NGX:
✅ Over 60% capital appreciation in 2024
✅ 33% growth in 2025 (so far)
Analysts attribute this to the bank’s strong fundamentals, innovative strategies, and dynamic leadership under Managing Director Moruf Oseni.
Why Investors Are Interested
Proven Profitability – Wema Bank has shown sustained growth in total assets and profitability over the years.
Attractive Pricing – Analysts highlight that the rights issue price is discounted compared to the market price, making it an appealing investment opportunity.
Strategic Expansion – The bank is ahead of schedule in securing its national banking license under CBN’s recapitalization directive.
Expert Insights
“Wema Bank’s transformation has made it a viable investment-grade stock. Investors should seize this opportunity to strengthen the bank’s competitive position,” said David Adonri, CEO of Highcap Securities.
“With exponential profit growth and sound leadership, Wema Bank is on a path to becoming a key player in Africa’s financial landscape,” added Layi Olaleru, Executive Director at CSL Stockbrokers.
Future Outlook
Wema Bank’s leadership remains focused on expanding its footprint, re-attaining Tier-1 status, and becoming a Systematically Important Bank in Africa.
“We are not just Nigeria’s oldest indigenous bank; we are also the country’s leading innovator,” said MD Moruf Oseni.
Will you be taking a position in Wema Bank’s historic capital raise? Let’s discuss in the comments!
Wema Bank Plc is set to make waves in the Nigerian financial market as it prepares to launch its N200 billion Rights Issue and Special Placement on April 1, 2025. Shareholders, stockbrokers, and institutional investors are already positioning themselves to take part in this massive capital raise, a move expected to strengthen the bank’s financial standing and fuel future growth.
Strategic Capital Raise to Meet CBN Requirements
In compliance with the Central Bank of Nigeria (CBN)’s new capital requirements, Wema Bank has filed an application with the Nigerian Exchange Limited (NGX) to raise:
✔ N149.3 billion via a Rights Issue—offering 14.29 billion ordinary shares at N10.45 per share.
✔ N50 billion through private placement.
Global Asset Management Nigeria Limited and Qualinvest Capital Limited are the designated stockbrokers handling the transaction.
Wema Bank’s Strong Market Performance
Wema Bank’s stock has been a top performer on the NGX:
✅ Over 60% capital appreciation in 2024
✅ 33% growth in 2025 (so far)
Analysts attribute this to the bank’s strong fundamentals, innovative strategies, and dynamic leadership under Managing Director Moruf Oseni.
Why Investors Are Interested
Proven Profitability – Wema Bank has shown sustained growth in total assets and profitability over the years.
Attractive Pricing – Analysts highlight that the rights issue price is discounted compared to the market price, making it an appealing investment opportunity.
Strategic Expansion – The bank is ahead of schedule in securing its national banking license under CBN’s recapitalization directive.
Expert Insights
“Wema Bank’s transformation has made it a viable investment-grade stock. Investors should seize this opportunity to strengthen the bank’s competitive position,” said David Adonri, CEO of Highcap Securities.
“With exponential profit growth and sound leadership, Wema Bank is on a path to becoming a key player in Africa’s financial landscape,” added Layi Olaleru, Executive Director at CSL Stockbrokers.
Future Outlook
Wema Bank’s leadership remains focused on expanding its footprint, re-attaining Tier-1 status, and becoming a Systematically Important Bank in Africa.
“We are not just Nigeria’s oldest indigenous bank; we are also the country’s leading innovator,” said MD Moruf Oseni.
Will you be taking a position in Wema Bank’s historic capital raise? Let’s discuss in the comments!