Wema bank celebrates 78th anniversary, Alat at 6th 

PLACE YOUR ADVERT HERE

Wema Bank celebrates 78th anniversary in the banking industry, saying the financial institution next objective is to become a tier one with hands-on development.

Managing Director and Chief Executive Officer, Wema Bank Plc, Moruf Oseni, yesterday, said they recorded N39.35 billion gross earnings in the first quarter of the 2023 financial period is a testament to what the bank is set to achieve.

He said: “For us as an institution that lasted for 78 years where many of its peers have disappeared, it’s a great feat. This is our 8th decade and as we push to our 9th decade, I think obviously there will be much bigger celebration when we hit 80. And hopefully in another 80 years, we pray that Wema is alive.

The biggest milestone so far is that we brought the bank back to the very height of banking in Nigeria. Six years ago, we launched a grand breaking product called Alat and over the past six years it’s testament both locally and internationally as a world class product. So as far as we are concerned it brought us back to the heart of banking in Nigeria.

“Our best is yet to come. We set N30 billion and it is a fantastic number. But honestly we did N30 billion this year, first N30 billion this year and we will do much more next year. This bank is a confluence of two great banks, Wema and National and at the time, those two banks were in the top five banks in Nigeria.

The aim is to take this bank to that height. This bank must go back to tier one.”

PLACE YOUR ADVERT HERE
Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

Popular Related

Grammy 2024 winners: Full List 

As the 2024 Grammys wrapped on Sunday night, none of Nigerian artistes bagged an award at the 66th Grammy Awards ceremony held in the...

Dangote, Elumelu, governors make Tinubu’s economic advisory panel

President Bola Tinubu has established an economic advisory committee comprising sub- national, the private sector and the Federal government. This was made known on Sunday...

‘Peg customs exchange rate at N1000/$1 to ease hardship – CPPE tells CBN

The Central Bank of Nigeria (CBN) has ordered that the rate used by Nigeria Customs should match the information on the importers' Form M,...

Qatar retracts initial stance on Tinubu’s business forum visit

Finally, the State of Qatar has agreed to host the business and investment event that President Bola Tinubu had suggested during his March 2,...

Analyst says interest rate may increase as MPC holds meeting today

According to financial analysts, the Monetary Policy Committee of the Central Bank of Nigeria may increase the Monetary Policy Rate, also known as the...

Nigeria needs economists’ input to tackle challenges, Olaopa

Prof.Tunji Olaopa, the chairman of federal Civil Services stated that  the country is  currently faced with a development calamity that needs not only the ...

Fubara to swear in ex-factional speaker as chief of staff today

Governor Siminalayi Fubara of Rivers State has appointed a former factional Speaker of the state House of Assembly, Ehie Edison as his Chief Of...

Marketers await Dangote fuel, 4 weeks after production take off 

Oil marketers has revealed that they were still awaiting the supply of refined petroleum products From the $20 billion naira Dangote Petroleum Refinery, four...

Residents of Ogun state to receive free surgical operations

Residents of Ogun State are now able to register to receive free surgical services, according to the state government. Governor Dapo Abiodun ordered the intervention...

Africa set for growth rebound – AFDB

Africa seeing the pace of economic growth as at last year as inflation continued to rise but it set to rebound this year, the...