Wema Bank Plc incurred a ₦32 million cybersecurity penalty and recorded ₦847.6 million in losses from fraud and forgery in 2025, Pinnacle Daily can report. An analysis of the bank’s audited financial statements for the year ended December 31, 2025, revealed this, underscoring heightened operational and compliance risks during the year. It shows that the …
Nigeria’s banking sector is approaching a decisive moment with just 77 days to the March 31, 2026, recapitalisation deadline. So far, about 22 licensed banks, approximately 65 per cent of the total, have confirmed full compliance with the Central Bank of Nigeria’s (CBN) minimum capital requirements. Tier-1 lenders make up the bulk of banks that …
The report highlights stocks with share prices below ₦20 that have more than doubled in value, which could be a smart investment choice for individual investors. An individual who had invested ₦1 million in any of the cherry stocks trading at a share price of below ₦20 at the beginning of the year and held …
Wema Bank Plc may emerge as the best-performing banking stock in 2025 on the Nigerian Exchange Limited (NGX). A review of the NGX stock market data by Pinnacle Daily, from the beginning of the year to the end of November, points in this direction. It shows Wema Bank as the only bank that has crossed the …
Wema Bank emerged as the biggest traded stock by volume on Thursday, November 13, as the Nigerian stock market appreciated, with investors pocketing N1 trillion again. The market rebounded on Wednesday after more than a week of bearish momentum. The stock market saw its biggest dip on Tuesday, November 11, when approximately ₦4.65 trillion was …
Wema Bank Plc said it has received approval from the Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) for the successful completion of its N150 billion rights issue. The bank announced this in a statement seen by Pinnacle Daily on Thursday, September 11. The offer, which opened on April 14 this year …
