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Sterling Financial Holdings Company is actively driving collaboration and partnerships with regulators, infrastructure providers, operators, and other financial services providers to bolster the security of the Nigerian consumer and improve the safety of the financial ecosystem.   Olayinka Oni, Executive Director and Group Chief Operating Officer of Sterling Financial Holdings issued this during his commencement speech at the recently held Sterling Thought Leadership Series for Information Technology, themed The State of FI Consumer Security. The session took place in Lagos and was attended by heads of information technology and security teams...

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the launch of the Hackaholics Digital Summit 2023, Africa’s largest gathering of innovators, disruptors, regulators, policymakers, investors, and customers in the digital space. This groundbreaking summit will serve as a hub for sharing cutting-edge insights, trends, and best practices in the tech industry towards the positive transformation of technology and innovation not just in Nigeria but across the African continent. In 2019, Wema Bank introduced Hackaholics, a dedicated initiative targeting youth and startups....

L-R: Divisional Head, Payment Business, Wema Bank, Damola Bolodeoku, CEO of enza, Hany Fekry, and Wema Bank's Executive Director of Retail and Digital Business, Tunde Mabawonku at the unveiling of the partnership on Thursday in Lagos enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost. enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment orchestration solution to expand...

ALAT by Wema, a trailblazing digital bank, has announced the launch of its eagerly anticipated Summer Internship Program which will not only serve as a remarkable learning opportunity for young talents but also highlights Wema Bank as an exceptional place to work. The initiative, according to the Divisional Head, Brands, People and Culture, Ololade Ogungbenro, is designed with a commitment to nurturing future leaders, offering a hands-on experience that bridges the gap between academia and the corporate world. She says participants will gain invaluable insights into the dynamic banking industry...

Wema Bank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up 32% y/y to ₦12.98bn (H1 2022: ₦9.85bn). Profit before Tax (PBT) was ₦12.05bn a y/y increase of 97% over the ₦6.13bn reported in H1 2022. Profit after Tax (PAT) also increased y/y by 97% to ₦10.48bn (₦5.30bn in H1 2022). The bank grew its deposit...

In the Nigerian banking industry, Wema Bank, Plc is widely acknowledged to be a leader in the realms of innovation and technology, and for constantly seeking to provide seamless financial services to its teeming customers, but is the financial powerhouse a champion of its employees' best interests? Yes, the most recent testament to Wema's commitment to establishing a thriving workplace culture is its announcement of a groundbreaking increase in salaries for its staff. This momentous decision not only showcases the bank's dedication to employee welfare and well-being but should also...