By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Wednesday said its profit after tax (PAT) for the period ended March 31, 2016 declined -17.9 percent to N429.53 million from N522.99 million declared a year ago. Similarly, profit before tax (PBT) depreciated -17.9 percent to N505.32 million from N615.28 […]
Tag: Wema Bank Plc
NSE Ends Week Bearish 3-Straight Run, ASI Down 2.40% Week-on-Week
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday ended the week on a bearish note for the third consecutive week as the all-share index (ASI) declined 2.40 percent to 24,719.27 points, while market capitalisation shed N209.41 billion to close at N8.50 trillion. Similarly, all other Indices finished lower […]
Wema Bank Eyes Acquisition, to Raise N50 Billion via Domestic Bonds
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc is seeking to buy a mid-sized commercial Bank and will seek shareholders approval in May 2016 to enter talks for the deal, a Reuters report quoted Tunde Mabawonku, its chief financial officer (CFO) on Monday. “Wema Bank is keeping a close […]
