Wema Bank Plc has announced the listing of an additional 14,143,244,747 ordinary shares of 50 Kobo each on the Daily Official List of the Nigerian Exchange Limited (NGX), further expanding its issued and fully paid-up share capital.
According to a statement by the Exchange, the additional shares were listed on Tuesday, September 30, 2025, following the successful completion of the bank’s Rights Issue of 14,286,785,417 ordinary shares of 50 Kobo each at ₦10.45 per share.
The offer was executed on the basis of two (2) new shares for every three (3) existing ordinary shares held as at the close of business on Wednesday, March 5, 2025.
With the latest listing, Wema Bank’s total issued and fully paid-up shares have now increased from 21,430,178,125 to 35,573,422,872 ordinary shares of 50 Kobo each.
The Rights Issue was part of Wema Bank’s ongoing capital optimization strategy aimed at strengthening its balance sheet, expanding lending capacity and enhancing competitiveness within Nigeria’s evolving banking landscape.
The listing of the new shares is expected to improve the bank’s market liquidity and broaden investor participation on the Exchange.
This development brings the bank closer to meeting new Central Bank of Nigeria (CBN) capital requirements and demonstrates its commitment to sustainable growth and value creation for shareholders.