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Wema Bank Plc, the owner of Nigeria’s pioneering digital platform ALAT, has surpassed the N1 trillion market capitalisation milestone.
RELATED: Wema Bank empowers businesses on ALATPay with static wallets and instant settlement
Wema Bank’s achievement of a N1 trillion market cap was propelled by its strong 2025 financial performance and a major digital upgrade to its ALAT platform. These developments generated significant investor buying interest, driving the bank’s share price and valuation to new heights.
Record Financial Performance Fuels Investor Rally
The bank’s share price was re-rated significantly after reporting a 124% year-on-year profit surge to N193.189 billion in 2025. It went up from N86.279 billion in 2024.
This bottom-line growth was supported by a 51% increase in gross earnings, which rose to N653.380 billion. Investor confidence was further bolstered by a 47% year-on-year growth in earnings per share (EPS), which reached 708.15 kobo.
Digital Innovation with “ALAT: The Evolution”
In January 2026, Wema Bank launched a major upgrade to its fully digital platform titled “ALAT: The Evolution.”
The enhanced platform introduced advanced features like AI-powered voice banking and contactless payments. This has reinforced the bank’s position as a leader in Nigeria’s digital banking space and contributing to positive market sentiment.
Market Reaction and Trading Momentum
Trading data from the Nigerian Exchange (NGX) shows the bank’s market value increased by 10.4% over seven sessions to reach N1.002 trillion.
Its share price closed at N25 on Friday, rising from N23.4 at the week’s start, with an intraweek high of N25.3 amid heightened trading activity and notable bloc transactions.
