Wema Bank Joins Nigeria's N1 Trillion Market Cap Club Amid Strong Financial Performance
Wema Bank Plc has achieved a significant milestone by joining Nigeria's exclusive N1 trillion market capitalization club, which includes major banks like GTB, UBA, Zenith, and Access. The bank's stock gained 4.2% to close at N24.95 per share, reflecting increased investor interest in mid-tier bank stocks.
Wema Bank's profit before tax doubled in 2025 to N193.2 billion, a 124% increase from the previous year. The bank's gross earnings also rose to N653.3 billion driven by higher interest income and loan expansion.
Wema Bank's success is attributed to its aggressive balance sheet expansion, improved earnings quality, and strategic asset allocation. The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, confirmed that 16 banks have fully met the recapitalization requirements, ensuring financial system stability.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Four Banks Join N1 Trillion Club on Nigerian Exchange
Major Nigerian Banks Surpass N1 Trillion Market Cap
Wema Bank Hits Trillion-Naira Market Cap Milestone
Nigerian Banks' Recapitalization Drives Market Cap to N16.14tn by 2025
Wema Bank's Profit Surges 124% to N193bn in 2025 Financial Year
Nigerian Banks Declare N502 Billion Profit, Witness Rise in Customer Deposits
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
