Wema Bank Plc has announced the listing of 4,545,454,542 ordinary shares of 50 Kobo each on the Daily Official List of the Nigerian Exchange Limited (NGX), following the successful completion of a private placement exercise.
The additional shares were listed on Tuesday, November 4, 2025, at a price of N11.00 per share, increasing the bank’s issued and fully paid-up share capital from 35,573,422,872 to 40,118,877,414 ordinary shares.
According to a statement from the Exchange, the newly listed shares arose from Wema Bank’s private placement aimed at strengthening its capital base and supporting future business expansion.
The private placement reflects the bank’s commitment to capital adequacy and long-term growth in line with regulatory expectations and evolving market conditions.
The move also positions Wema Bank to pursue new lending opportunities and enhance its digital banking initiatives across Nigeria.
The additional listing increases the bank’s market capitalization and share float on the NGX, providing improved liquidity for investors.
Analysts note that the N11.00 per share placement price reflects investor confidence in the bank’s fundamentals and its continued profitability amid a challenging macroeconomic environment.
With the completion of this transaction, Wema Bank joins other Nigerian financial institutions pursuing capital-raising initiatives through rights issues and private placements to meet evolving prudential requirements and growth targets.
The shares are now available for trading under the bank’s ticker symbol WEMABANK on the Nigerian Exchange Limited.