Author: gamladmin

Despite the sprawling increase in the price of crude oil as a result of raging wars between USA and Iran, which led to the closure of Strait of Hormuz by Iran ,the effect has brought a lot of economic hardships to virtually every segment of the economy of the world.Oil prices have been on a roller coaster the past weeks.US WTI crude oil prices settle at $94.53per barrelBrent Crude at around $99.89Per barrelNigeria crude oil (bonny light) $96.33 per barrel It is envisaged that the oil prices may inch up to say around $150 per barrel. There is energy crisis in the world. Most stocks in...

The market closed the week and the month with the NGX AII -Share Index and Market Capitalization appreciating by 6.95% to close the week at 194,989.7 and N125.164 trillion respectively. The NGX All - Share Index ( ASI ).lost 1.11 % wtd, with MTD at 16.69, while YTD stands at 23.91. NGX oil / Gas Index led the pack with a YTD of 52.07%, followed by The Banking Index at YTD of 24.82%. The above figures are very relevant if benchmarked with the Wema Share Price Changes in the corresponding period as detailed below. YTD 32.35%QTR TD 32.35%MTD 15.38%WTD 0.75% It closed at N27.00 with impr...

The attached report is very topical and speaks to the essence of Wema Bank as an excellent brand in the banking Sector in Nigeria. Let’s take a step back, to the dark ages, when the bank was gasping for breadth and the share price was at N0.50k per share. Now for those who took the plunge to invest in Wema then ,certainly have more than enough to contend with in terms of incredible growth in value over the years. The bank has consistently been the best performing banking stock in the last two years consecutively at NGX. It is obvious that 2026 , would not be an exception based on the an...