Business Hilights

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Wema Bank Plc

WEMA Bank’s unaudited 9M Financial Results improved significantly—MD

Wema Bank PLC has announced its nine months unaudited results ending September 30, 2020, saying the performance within the period under review is commendable. In his response on the result, Wema Bank’s Managing Director/Chief Executive Officer Mr. Ademola Adebise said:…

Wema Bank raises standard of ALAT Mobile Banking App

ALAT by Wema Bank has introduced its upgraded mobile app – ALAT 4.0 to enable customers remain connected to do much more. A unique app that provides seamless access to an array of exciting features serves as a platform where…

Banks’ making more profits from fintech adoption than physical branches—Akano

Upon the trending fears that payment service providers relying on financial technology (FintTech) are becoming serious threats to conventional banks in Nigeria, latest findings have shown that banks earned more revenue in the last financial year from adoption of FinTechs….

Wema Bank’s IT head lists 4 new risks coming with latest technology in banking

Head of Information Technology Department in Wema Bank Plc, Mr. Adewale Saka has revealed four critical types of risks stemming from use of technology for banking services. In an interview, he averred that “These risks could be due to human…

CBN 2010 Directive: WEMA, Sterling banks now shopping for CEOs

Relying on the extant directive issued vide a circular to all banks by the Central Bank of Nigeria (CBN) in January 2010, there is no doubt that the managements of Wema Bank Plc. and Sterling Bank Plc. are on search…

Wema Bank sets 3m digital customer base target by 2020, upgrades systems

To key into the trending digitization of operations which translates to branchless, paperless and boundless transactions, Wema Bank Plc has said it is targeting three million millennial customers by 2020. Giving more insights to the development in Lagos during the…