Wema Bank surpasses CBN capital requirement with successful N150 billion rights issue
Summary
Wema Bank completed a N150 billion rights issue and now exceeds the Central Bank of Nigeria’s capital requirement for national commercial banks. The bank says its qualifying capital has risen to N214.7 billion, above the N200 billion threshold. It also finished a N50 billion special placement that still awaits regulatory approval. The move supports the bank’s recapitalization plan, strengthens its balance sheet, and positions it for continued expansion.
Funding
Amount
None
Total raised
Date
May 21, 2025
Announcement date
Investors
Central Bank of Nigeria
Lead investors
Company
wemabank.com
Funded company
Classifications
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