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Wema Bank Completes 50 Billion Special Placement, Exceeds CBN Minimum Capital Requirement

Strategic Insights

— 1 min read

Wema Bank Plc has announced the successful completion of a 50 billion special placement, marking the second tranche of its capital-raising programme and pushing its total qualifying capital to 264.87 billion. This achievement is a significant milestone for the bank, exceeding the Central Bank of Nigeria's (CBN) 200 billion minimum capital requirement for commercial banks with national authorisation.

Key Takeaways:

  • Wema Bank completed a 50 billion special placement, exceeding the CBN's 200 billion minimum capital requirement for commercial banks with national authorisation.
  • The bank's total qualifying capital now stands at 264.87 billion, following the conclusion of its 150 billion Rights Issue in September 2025.
  • The successful offer reflects strong investor confidence in Wema Bank's performance, governance, and long-term growth strategy.
  • The bank will channel the proceeds from the capital raise into accelerating digital transformation, deepening market penetration across retail, SME, and corporate segments, and expanding lending capacity to productive sectors of the economy.
  • The completion of the special placement signals Wema Bank's proactive response to the CBN's recapitalisation directive, creating a comfortable buffer to weather future economic headwinds.
  • The bank remains committed to delivering superior shareholder value while advancing Nigeria's financial inclusion goals and contributing to national economic development.

Statistics:

  • 50 billion: Amount raised through the special placement
  • 264.87 billion: Wema Bank's total qualifying capital after the special placement
  • 200 billion: CBN's minimum capital requirement for commercial banks with national authorisation
  • 150 billion: Amount raised through Wema Bank's Rights Issue in September 2025
  • 2025: Year in which Wema Bank concluded its Rights Issue

Sources:

  • "Wema Bank Completes 50 Billion Special Placement, Exceeds CBN Minimum Capital Requirement" (Global Data Point, 2025)
  • "Wema Bank Raises 150 Billion in Rights Issue" (Marketing Edge, September 2025)

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