Kayode Tokede Wema Bank Plc has announced the successful completion of its N150 billion rights issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise, the bank said in a statement, has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). This Rights Issue was undertaken in response to the CBN’s directive on the recapitalization of banks in Nigeria. With the successful completion and regulatory approval, Wema Bank has now met the N200 billionThe post CBN, SEC Approve Wema Bank’s N150bn Rights Issue, Surpasses Regulatory Capital Requirement appeared first on THISDAYLIVE.
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