Close Menu
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Trending
  • Aviation Sector Recorded Zero Investment In The Last Two Years – Segun Musa
  • Terrorism: Customs Needs To Advance Beyond Revenue Collection, Says Mickey Excellency Boss, Mukaila
  • APC: Arewa Community Forum Accuses Party Leadership In Lagos Of Relegating, Marginalizing Members
  • Eid-Mubarak: AREFFN Chairman, Ohambele Felicitates Muslim Faithful At PTML 
  • NDIC Seeks Stakeholders’ Input To IADI Core Principles For Effective Deposit Insurance
  • Eid Mubarak: ANLCA Chairman, Wale Cole Celebrates Muslim Faithful At Tincan
  • LASWA Partners Lekan Bakare Foundation To Mark World Oceans Day
  • Aviation: Keyamo Marketing The Private Sector At The Detriment Of Public Or National Interest – Segun Musa
Prime Time Reporters
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Prime Time Reporters
Home » Wema Bank stocks best performing financial stocks in 2022 – Report
Business

Wema Bank stocks best performing financial stocks in 2022 – Report

Saint AugustineBy Saint AugustineJanuary 15, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Wema Bank Plc’s stocks emerged as the best-performing financial stocks on the Nigerian Stock Exchange during the 2022 financial year.

In a report titled, “The Best Performing Stocks in Nigeria in 2022”, Nairametrics compiled and analyzed the best-performing stocks in 2022, comparing their share prices as of December 31st, 2021 and December 30th, 2022. The analysis considered all 159 publicly listed companies during the period.

According to the report, Wema Bank’s share price appreciated by a whopping 441.7 percent. This helped it to close the 2022 year at N3.9, down from the 72 kobo recorded at the end of 2022. The bank recorded a healthy 51% increase in gross earnings in the first nine months of 2022 and a 31% increase in post-tax profit. Investors rallied around the bank’s stocks despite a general downturn in most banking stocks during the year.

Similarly, Wema Bank declared a final dividend of 24 kobo per ordinary share to its shareholders in 2021.

This fuels speculation that increased profitability in 2022 could suggest a better dividend payout to shareholders. The Nigerian equity market rallied by 19.98% in 2022, higher than the 6.07% recorded in the previous year.

After many years of dividend freezes, the bank has resumed dividend payments to shareholders in the last three years. Wema has modernized its processes and has increasingly leveraged digital technologies to serve its customers, boosting efficiency and productivity in the process.

Additionally, the bank enjoyed a profitable year in terms of its financial performance and equity performance. Nairametrics ranked the bank as the best-performing commercial bank in the first half of 2022 based on metrics from its financial statements. Wema Bank also won the “Highest Dividend Yield” award at the Pearl Awards in 2022.

Multiverse Mining Company was another of last year’s best-performing stocks. Meyer Plc, Thomas Wyatt Plc and Academy Press Plc, among others.

Send your press invite, news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @PrimetimeRepor1 and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526.

Nairametrics Nigerian Stock Exchange Wema Bank Plc
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMedia colloquium in honour of late Otunba Kunle Folarin holds Thursday
Next Article Revenue: Onne customs command collects N242 billion in 2022
Saint Augustine
  • Website
  • Facebook
  • X (Twitter)

Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

Related Posts

Aviation Sector Recorded Zero Investment In The Last Two Years – Segun Musa

June 8, 2025

Terrorism: Customs Needs To Advance Beyond Revenue Collection, Says Mickey Excellency Boss, Mukaila

June 8, 2025

Tinubu, Through Customs Has Collected Near Maximum Duty Collectible – Mukaila 

June 3, 2025
Leave A Reply Cancel Reply

Recent Posts

Aviation Sector Recorded Zero Investment In The Last Two Years – Segun Musa

June 8, 2025

Terrorism: Customs Needs To Advance Beyond Revenue Collection, Says Mickey Excellency Boss, Mukaila

June 8, 2025

APC: Arewa Community Forum Accuses Party Leadership In Lagos Of Relegating, Marginalizing Members

June 7, 2025

Eid-Mubarak: AREFFN Chairman, Ohambele Felicitates Muslim Faithful At PTML 

June 7, 2025

NDIC Seeks Stakeholders’ Input To IADI Core Principles For Effective Deposit Insurance

June 6, 2025
© 2025 Copyright Primetime Reporters.
  • Home
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.