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Ten Things That Stood Out At The Wema Bank 80th Celebration

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On May 2nd, 2025, Wema Bank, Nigeria’s oldest indigenous bank, most innovative, and pioneer of Africa’s first fully digital bank, ALAT, showed Nigeria and the entire financial sector what it truly means to celebrate legacy with purpose.

 

The event, themed Timeless Elegance, was held at the Eko Hotel and Suites. The bank’s 80th-anniversary celebration was more than a gala; it was a finely curated brand experience that blended history, glamour, music, storytelling, and strategic vision into one unforgettable night.

 

With every segment choreographed to perfection, the evening was a strong statement of who Wema Bank is, where it’s coming from, and where it’s boldly headed.

Here are ten standout moments that made this a night for the history books:

1. A Beauty in Experiential Setup and Show Production

Guests knew they were about to witness something extraordinary when they stepped onto the purple carpet. The visual storytelling was impeccable – stunning historical arrangements that took guests from ‘Agbonmagbe Bank’ (the bank’s original name) and through the years to a futuristic Wema Bank.

Guests who didn’t previously understand the bank’s history were immediately immersed in it with halls of fame, caricature buildings, and a stage setup that looked like it belonged in an awards show.

The spatial design created a sense of elegance and pride, turning Eko Hotel’s convention center into a canvas that reflected the very soul of Wema Bank. It was immersive, intentional, and visually breathtaking, a setup that elevates a celebration.

2. Sounds of ALAT Winners Bring Youthful Energy

Kareem, King Breezy, and Kesty, the emerging stars from Wema’s 2023 Sounds of ALAT competition, opened the night with impressive performances. They sang original tracks and their winning songs from the sounds of ALAT competition. The finalists later came together for a heartfelt birthday tribute to the bank, alongside Cobhams Asuquo who played on the grand piano.

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It was a powerful reminder of how Wema Bank invests in the next generation of banking, creativity, and culture.
3. Yinka Davies’ National Anthem Rendition

With unmatched grace and vocal mastery, Yinka Davies performed the Nigerian National Anthem in a way that grounded the event in patriotism and pride.

Her delivery was both ceremonial and soulful. It was a reminder that even in celebration, Wema Bank honors its national roots and identity, especially as the nation’s first indigenous bank.

 

4. Hosting Done Right

The event’s hosts – veteran actor Chief Femi Branch and popular media personality Olive Emodi, struck the perfect balance of charm and control. Their chemistry, humor, and professionalism ensured that the evening flowed seamlessly, without a dull moment or misstep in the program.

5. 8 Million-Naira Surprise That Delighted Customers

What’s a celebration without giving back? A significant high point in the event came when eight customers each won ₦1 million.

The hosts also announced that 80 more customers would receive ₦80,000. It wasn’t just good PR; it was a powerful way to say thank you and share the spotlight with the people who made Wema’s journey possible.
6. A Chairman’s Speech Anchored in Legacy

In her welcome address, Chairman Dr. Oluwayemi Oluwanishola offered more than pleasantries – she gave perspective. “Wema Bank’s journey to me is an enigma,” she said.

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“What gave the founder, Late Chief Okupe, the confidence to establish Agbonmagbe Bank right under colonial rule?”

Her reflections on the founder’s audacity and the bank’s deep-rooted mission captured the spirit of the night in full. She also set the tone for why the event was essential to celebrate the bank’s past 8 decades.

 

7. Iconic Performances That Lit Up the Stage

The musical lineup read like a greatest-hits anthology of Nigerian pop culture. Wande Coal delivered a nostalgic medley. 9ice brought his street credibility.

Ayuba’s live band lit up the room with high-energy Fuji. And Davido closed the night with his signature swagger, bringing the house down.

Away from the heavyweight pop-culture stars, we had moments of reflection with spoken words from Kehinde Adolo and IBQuake. These were sonic celebrations of Wema’s multigenerational appeal.

 

8. CEO Moruf Oseni’s Visionary Speech

In his address, Moruf Oseni didn’t just thank guests; he projected the future. His words painted a clear picture of a bold, tech-driven Wema Bank that is anchored in customer-first innovation.


The short mini-documentary that followed offered glimpses into the bank’s transformation, reinforcing the night’s message: Wema is just getting started.

He thanked every segment of Wema’s stakeholders, from the customers, shareholders, partners, regulatory bodies, governmental partners, and knights (staff).

 

9. A Symbolic Coffee Table Book Launch and Documentary Sneak Peek That Highlight Wema’s History From Birth to Now

One of the evening’s most powerful moments came when Wema Bank launched its commemorative coffee table book. Flanked by past and present MDs, Chairmen, executive and non-executive directors, and Board members, the unveiling was a tribute to history, leadership, and enduring purpose.

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It was a reminder that institutions don’t thrive by chance; they do so by design, memory, and storytelling.

 

10. A Masterclass in Stakeholder Engagement

From pop-culture royalty to national figures, Wema Bank drew a crowd that reflected its wide-reaching relevance. Political dignitaries such as Governor Dapo Abiodun of Ogun State, Governor Lucky Aiyedatiwa of Ondo State, and the First Lady of Nigeria (represented by Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim) all delivered goodwill messages. Industry titans like Chief Michael Adeojo, Otunba Bimbo Ashiru, and Chief Sir Kessington Adebutu joined them.

 

The crowd was also star-studded with guests like Deyemi Okanlawon, Iyanya, Juliana Oloyede, Morayo Afolabi-Brown, Teddy A, Folagade Banks (Mama Deola), Jay On-Air, Kaffy, and Stan Nze. Wema didn’t just celebrate with guests; it reinforced its position as a trusted partner across government, business, and culture.

 

In every way that mattered, Wema Bank’s 80th celebration was a living expression of its values: thoughtful, future-forward, people-centric, and proudly Nigerian.

 

Timeless Elegance described the look and feel of the event and the legacy. And as the curtains fell to the beat of Davido’s final notes and DJ Sose’s afterparty rhythms, one thing was unquestionable: Wema was not only looking back in gratitude but marching forward in power.

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Wema Bank sets November 6 for HACKAHOLICS 7.0 grand finale, unveils ‘Festival of the future’ as theme

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Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has announced November 6, 2026, as the date for the grand finale of Hackaholics 7.0, its flagship innovation platform.

Themed ‘Festival of the Future’, the grand finale will bring together innovators, technology leaders, startup founders, investors and other key players in Nigeria’s innovation ecosystem for an immersive celebration of ideas, technology and the possibilities shaping the future.

Beyond the much anticipated announcement of this year’s Hackaholics finalists, the event will feature innovation showcases, interactive experiences and conversations exploring how emerging technologies are transforming the way people live, work, build and create.

Designed to go beyond the traditional innovation competition, the Festival of the Future will provide a platform for participants and attendees to experience emerging technologies, discover innovative solutions, connect with industry players and engage in conversations about the opportunities and challenges of a rapidly evolving world.

The event will also recognise and celebrate outstanding innovators whose ideas have demonstrated the potential to address real-world challenges and create meaningful impact.

Speaking on the significance of the grand finale and the inspiration behind the Festival of the Future, Wema Bank’s MD/CEO, Moruf Oseni, explained that the concept builds on the Bank’s commitment to creating a future of possibilities while encouraging Nigerians to take a more active role in shaping that future.

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“The world is changing at an unprecedented pace. Artificial intelligence and emerging technologies are transforming industries, businesses and everyday life, creating opportunities that would have been difficult to imagine just a few years ago. The question is no longer simply what the future holds, but how prepared we are to shape it.

“This thinking inspired the Festival of the Future. We want to create an experience that brings innovation closer to people, encourages meaningful conversations and challenges us to think differently about how we will live, work, build and create in the years ahead,” he said.

Reaffirming Wema Bank’s commitment to supporting innovation and empowering young Nigerians, Oseni noted that Hackaholics has continued to evolve beyond a competition into a platform for discovering talent, nurturing ideas and connecting innovators with opportunities.

“Since we launched Hackaholics, our goal has remained consistent; to provide young Nigerians with the platform, resources, opportunities and support they need to transform their ideas into practical solutions. We believe that the future of innovation in Nigeria must be driven by the talent, creativity and potential of our people.

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“With Hackaholics 7.0, we are taking that commitment further. Beyond recognising outstanding ideas, we want to bring together the people, conversations and experiences that can inspire the next generation of solutions.

“Our ambition is to continue building an ecosystem where innovation thrives, possibilities are unlocked and Nigeria is better positioned for the future,” he added.

Launched on July 1, 2026, under the theme “Powering Possibilities,”Hackaholics 7.0 commenced with a nationwide pitch centre tour designed to discover and support innovative ideas from young Nigerians across different regions of the country.

The four-month tour attracted 5,329 participants and 1,632 innovative ideas and solutions, with pitch centres hosted across seven locations: Uyo, Kano, Yabatech, Benin, Ibadan, Enugu and Lagos.

Through three distinct tracks; the Ideathon, Hackathon and Social Impact, the initiative provided opportunities for students, graduates, technology enthusiasts, developers and social innovators to present solutions addressing challenges across different sectors.

The Ideathon focused on promising ideas, the Hackathon provided a platform for technology developers and builders, while the Social Impact track recognised solutions designed to deliver measurable value to society.

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At the conclusion of the nationwide tour, 59 participants emerged from the various pitch centres, reflecting the diversity of ideas, talent and innovation discovered throughout the programme.

As Hackaholics 7.0 progresses towards its final stage, the 59 finalists will be further shortlisted to 20, who will present refined versions of their solutions at the Pre-Pitch scheduled for November 4, 2026.

On November 5, the participants will embark on an Ecosystem Tour powered by Wema Bank, providing an opportunity to visit other top institutions within the technology and innovation ecosystem, interact with industry professionals and gain practical insights ahead of the grand finale.

The journey will culminate on November 6 at the Festival of the Future, where the top innovators will be recognised and celebrated.

Through Hackaholics, Wema Bank continues to demonstrate its commitment to driving innovation, supporting entrepreneurship and creating opportunities for young Nigerians to contribute meaningfully to economic development.

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Nigeria’s foreign reserves rise to $52.66 billion, highest in 17 years

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Nigeria’s gross external reserves surged to $52.66 billion as of August 19, reaching their highest level in more than 17 years.

This was contained in the latest data from the Central Bank of Nigeria (CBN).

The reserves stood at $52.65 billion on August 19, up from $45.56 billion recorded on January 2, representing an increase of about $7.09 billion or 15.6 percent in less than eight months.

The latest position also surpasses the previous 2026 peak of about $52.04 billion recorded in July.

Data from the CBN showed that reserves crossed the $52 billion mark for the first time this year in July, reaching $52.02 billion on July 20.

The figure was the highest since January 2009, when reserves stood at about $52.01 billion.

The reserve position had declined earlier in the year, falling from $49.18 billion on April 1 to about $48.33 billion in early May.

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It subsequently recovered, crossing the $50 billion mark in June and rising above $51 billion before surpassing $52 billion in July.

The governor of the CBN, Olayemi Cardoso, had earlier attributed the increase in reserves to stronger foreign exchange inflows, including receipts from crude-oil-related taxes and third-party inflows.

Cardoso also said the reserve level provided import cover for about 11 months of goods and services, significantly above the three-month international benchmark.

The increase in the external buffer has coincided with improved foreign exchange liquidity and a stronger naira.

Recent market data showed the naira appreciating to about N1,346.49 per dollar in the official market last week.

Also, in its 2026 macroeconomic outlook, the apex bank projected that Nigeria’s external reserves would rise to about $51.04 billion by the end of the year.

The latest figure is about $1.62 billion above that projection.

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Wema Bank wins Euromoney’s Nigeria’s best digital bank for consumers 2026 award

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… Recognition affirms bank’s leadership in digital innovation and customer-centric banking

Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank, ALAT, recently added another feather to its already heavily-studded cap after it was named Nigeria’s Best Digital Bank for Consumers 2026 by Euromoney, one of the world’s most respected authorities on financial services and banking excellence.

The prestigious recognition affirms the Bank’s sustained leadership in digital innovation, customer experience and financial inclusion, reinforcing its position as one of Nigeria’s leading technology-driven financial institutions.

Presented annually, the Euromoney Awards for Excellence celebrate banks that are redefining financial services through innovation, measurable impact and outstanding customer value.

In selecting Wema Bank for the award, Euromoney recognised the Bank’s successful digital transformation journey, its continuous innovation through ALAT, Africa’s first fully digital bank, and its unwavering commitment to delivering simpler, smarter and more accessible banking experiences for customers.

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Commenting on the recognition, the Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, said: “This award is a strong validation of the deliberate investments we have made over the years to build a truly digital bank that puts customers at the centre of everything we do. Innovation for us has never been about technology for its own sake. It has always been about creating solutions that make banking easier, faster, safer and more rewarding for every customer.

“From pioneering Africa’s first fully digital bank with ALAT to continuously evolving our digital capabilities, we have remained focused on anticipating customer needs and building experiences that create real value. We are honoured by this recognition from Euromoney and inspired to continue pushing the boundaries of innovation as we shape the future of banking in Nigeria.”

A key milestone in Wema Bank’s digital transformation has been the evolution and upgraded version of ALAT, which introduced next-generation capabilities including voice banking, tap-to-pay functionality, personalised financial services and integrated investment opportunities through strategic partnerships.

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Together with faster digital onboarding, AI-powered fraud monitoring, intelligent customer personalisation and an expanding agency banking network, these innovations continue to enhance customer experience while extending financial services to more Nigerians.

Euromoney also recognised Wema Bank’s ability to leverage technology to build deeper customer relationships through data-driven personalisation, enabling customers to receive tailored recommendations across savings, investments and credit products based on their financial needs and behaviour.

For over eight decades, Wema Bank has remained at the forefront of innovation in Nigeria’s financial services industry. As the pioneer of Africa’s first fully digital bank, the Bank continues to redefine banking by combining technology, customer insight and innovation to deliver seamless, secure and inclusive financial solutions for individuals, businesses and communities.

The Euromoney recognition further reinforces Wema Bank’s commitment to building the future of banking through continuous innovation, operational excellence and customer-centric solutions that create lasting value.

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