Wema Bank Expands Share Capital with New Listing on NGX
The Nigerian Exchange Limited (NGX) has officially listed an additional 4.54 billion ordinary shares of Wema Bank Plc on its Daily Official List as of Tuesday, November 4, 2025.
This listing follows Wema Bank’s recent private placement exercise, through which the bank offered 4,545,454,542 ordinary shares, each with a nominal value of 50 Kobo, at a price of ₦11.00 per share.
The move increases Wema Bank’s total issued and fully paid-up shares from 35.57 billion to 40.12 billion ordinary shares.
By expanding its share capital through this private placement, Wema Bank is likely strengthening its financial base to support future growth initiatives, enhance liquidity, and possibly fund strategic projects within its banking operations.
This development reflects continued investor interest in the bank and marks another significant milestone in Wema’s growth journey on the Nigerian Exchange.
The Nigerian Exchange Limited (NGX) has officially listed an additional 4.54 billion ordinary shares of Wema Bank Plc on its Daily Official List as of Tuesday, November 4, 2025.
This listing follows Wema Bank’s recent private placement exercise, through which the bank offered 4,545,454,542 ordinary shares, each with a nominal value of 50 Kobo, at a price of ₦11.00 per share.
The move increases Wema Bank’s total issued and fully paid-up shares from 35.57 billion to 40.12 billion ordinary shares.
By expanding its share capital through this private placement, Wema Bank is likely strengthening its financial base to support future growth initiatives, enhance liquidity, and possibly fund strategic projects within its banking operations.
This development reflects continued investor interest in the bank and marks another significant milestone in Wema’s growth journey on the Nigerian Exchange.