Wema Bank Gets Credit Rating Boost from Fitch, GCR
By Ayomide Otitoju Wema Bank, Nigeria’s oldest indigenous lender and pioneer of Africa’s first fully digital bank, ALAT, has received a significant boost in credit ratings from two leading international agencies, Fitch Ratings and Global Credit Ratings (GCR). Fitch upgraded Wema Bank’s National Long-Term Rating from ‘BBB(nga)’ to ‘A-(nga)’, while also revising its outlook from…