Petrolex Group, Wema Bank, others to build refinery in Ogun

Governor Ibikunle Amosun A Nigerian oil firm, Petrolex Group says it has entered into a consortium with Wema Bank and the government of Ogun to build the second largest refinery in Odogbolu area of the state. According to a statement by the oil firm on Thursday in Lagos, the Chairman of the group, Mr Segun…

Wema Bank concludes sale of N3.2b 75% GNI’s shares sale

Wema Bank Plc conclusively closed the transaction for the sale of its 75 per cent majority equity stake in Great Nigeria Insurance (GNI) Plc to relatively unknown Insurance Resourcery and Consultancy Services Limited with the transfer of the shares to the latter on Wednesday. A total of N2.87 billion ordinary shares of 50 kobo each…

Wema Bank’s winning model

After spending six years as a regional bank, Wema Bank Plc has stepped up to compete at the national level, and not even the current economic crisis can stop it from winning, it seems. In 1945, as the Second World War grinded to a bitter halt and much of the world struggled with momentous human…