Wema Bank issued bonds worth N25 billion.

To shore up its capital base, Wema Bank has issued a N25 billion bond to targeted investors. In a corporate notice signed by the Company Secretary, Johnson Lebile, on Thursday, the bond will not be listed on any security exchange. Part of the notice read, “Wema Bank Plc decided on the issuance of the bonds as a means of shoring up its capital base to facilitate the bank’s business of lending…
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