Wema Bank Plc has successfully concluded its second tranche of ₦50 billion special placement, fully subscribed by investors, bringing the bank’s total qualifying capital to ₦264.87 billion — well above the Central Bank of Nigeria’s (CBN) minimum requirement of ₦200 billion for commercial banks with national authorization.
The latest capital raise follows the successful completion of a ₦150 billion Rights Issue in September 2025. With this achievement, Wema Bank continues to strengthen its capital position and expand its capacity to drive growth across key business segments.
In a statement obtained by Roundoff news, the Managing Director/Chief Executive Officer, Mr. Moruf Oseni, said the new capital injection underscores investor confidence in the bank’s strategic direction and growth prospects.
“We are delighted to have received all necessary regulatory approvals for our ₦50 billion special placement. This marks another major step in strengthening Wema Bank’s capital base, enhancing liquidity, and positioning the institution to seize emerging opportunities for sustained growth,” Oseni said.
He added that the funds will be channeled toward expanding the bank’s digital transformation initiatives, deepening penetration in retail, SME, and corporate markets, and boosting lending to productive sectors of the Nigerian economy.
Wema Bank reaffirmed its commitment to delivering long-term value to shareholders, empowering customers through innovative financial solutions, and contributing to Nigeria’s financial inclusion and economic development goals.
