Wema Bank, Nigeria’s most revolutionary {bank} and pioneer of Africa’s first totally digital {bank}, ALAT, has been introduced because the winner of the ‘Industrial {Bank} of the Yr’ Award on the 2025 Nairametrics Capital Market Alternative Awards (NCMC Awards). The announcement was made on the prestigious awards gala held on Could twenty third on the Civic Heart in Lagos, the place standout performers throughout Nigeria’s capital markets have been celebrated.
The Nairametrics Capital Market Alternative Awards is a data-driven platform that recognises excellence amongst publicly listed corporations in Nigeria. Winners are chosen based mostly on key metrics reminiscent of income progress, profitability, return on fairness, and shareholder worth creation. The 2025 version was themed “Capital Market as a Catalyst for Nigeria’s {Economic} Transformation.”
The NCMC Awards recognised Wema Bank for its distinctive {financial} efficiency, worth creation, and constant returns to shareholders. In a extremely aggressive ‘Industrial {Bank} of the Yr class’ that included business heavyweights, Wema stood out for its record-breaking ₦102 billion revenue earlier than tax in 2024, sturdy year-on-year income and profitability progress, and one of many strongest returns on common fairness within the sector. The {bank}’s disciplined execution, investor-focused technique, and continued management in digital innovation additional strengthened its capital market attraction, making it a transparent selection for the award and a rising power amongst Nigeria’s top-tier {financial} establishments.
Receiving this honour throughout its eightieth anniversary 12 months provides profound that means to the popularity. For eight many years, Wema Bank has regularly developed, remodeling from a regional lender right into a forward-looking, digitally-led nationwide {bank} in the present day. Its recognition as ‘Industrial {Bank} of the Yr’ displays not simply current efficiency however a sustained dedication to resilience, reinvention, and excellence.
Commenting on the award, Moruf Oseni, Managing Director and Chief Government Officer of Wema Bank, stated, “Being named Industrial {Bank} of the Yr is a robust affirmation of the daring decisions we’ve made to rework our enterprise and ship actual worth to our stakeholders. It’s a proud second for Wema Bank – each worker, buyer, and shareholder who has been a part of this journey. As we mark 80 years of affect, this award celebrates the legacy we’re carrying ahead and the long run we’re decided to form – one outlined by innovation, belief, and sustainable progress.”
Wema Bank PLC additionally earned a nomination within the extremely aggressive Firm of the Yr class, the place it stood as the one {financial} establishment shortlisted alongside two vitality giants. Wema’s presence in each classes underscores its rising fame as a high-performing, innovation-driven establishment inside and past the banking sector.
The NCMC Awards continues to highlight establishments driving significant change and setting new benchmarks in Nigeria’s capital markets. Wema Bank’s twin presence of successful Industrial {Bank} of the Yr and incomes a uncommon nomination within the Firm of the Yr class reinforces its rising affect past conventional banking. It’s a testomony to the {bank}’s evolution right into a dynamic, future-ready establishment delivering affect throughout sectors.
This accolade additional highlights Wema Bank’s momentum in 2025, because the establishment continues to ship on its strategic objectives whereas celebrating 80 years of banking excellence and innovation.
The publish Wema Bank Wins ‘Industrial {Bank} of the Yr’ at 2025 Nairametrics Capital Market Awards appeared first on SocietyHerald.com.ng || …Celebrating Spcial Individuals.
