Wema Bank Plc (NGX: WEMABANK) has strengthened its capital base following the listing of additional 4.5 billion ordinary shares arising from a Private Placement on the Nigerian Exchange Limited (NGX).
This was disclosd in a market bulletin signed by Godstime Iwenekhai, Head of the Issuer Regulation Department, NGX Regulation Limited.
According the notification, a total of 4,545,454,542 ordinary shares of ₦0.50 each were listed on Tuesday, November 4, 2025.
The new shares were issued at ₦11.00 per share under the Private Placement arrangement.
The fresh capital injection through the Private Placement positions Wema Bank to meet the Central Bank of Nigeria’s (CBN) new minimum capital requirements for commercial banks
With this listing, Wema Bank’s total issued and fully paid-up share capital has increased from 35,573,422,872 to 40,118,877,414 ordinary shares of ₦0.50 each.
The equity price of WEMABANK closed at N19.25 on Thursday on the floor of the NGX.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
