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Wema Bank Sort Codes Across Nigeria



wema bank - Investors King

List of Wema Bank Sort Codes in Nigeria

A Wema bank sort code identifies both the bank and the branch where an account is domiciled. A Wema bank sort code is a 9-digit number with the first 3 digits identifying the bank’s code, while the next digit represents the location and the last 5 digits tell the branch.

Below is the complete list of Wema Bank sort codes and branches across Nigeria.

1 035230544 ABA
2 035010971 EKET
3 035011158 UYO
4 035020631 ONITSHA
5 035031138 BAUCHI
6 035321505 YENOGOA
7 035051147 MAKURDI
8 035061098 MAIDUGURI
9 035071198 CALABAR
10 035241724 ASABA
11 035240945 WARRI
12 035041186 BENIN
13 035041458 BENIN      (2)
14 035041681 UNIBEN
15 035340890 ADO EKITI
16 035341417 ADO EKITI  (2)
17 035340557 AIYEDUN EKITI
18 035341239 ARAMOKO
19 035340159 IGBARA ODO
20 035341802 IKERE-EKITI
21 035341747 ISE-EKITI
22 035341815 OMUO-EKITI
23 035340612 UNAD
24 035251167 ENUGU
25 035080778 ABUJA
26 035081421 ABUJA    (2)
27 035080862 ABUJA INT AIRPORT
28 035081528 LE MERIDIEN
29 035080804 WUSE
30 035101178 OWERRI
31 035111045 KADUNA
32 035111430 KADUNA  (2)
33 035111511 KADUNA NNPC
34 035111443 JAJI
35 035120382 KANO
36 035131122 KATSINA
37 035140605 ILORIN
38 035141011 NNPC   ILORIN
39 035150475 ABULE EGBA
40 035151335 AGEGE
41 035150747 AJAO ESTATE
42 035150815 ALABA
43 035151319 ALLEN
44 035150569 APAPA
45 035151306 APAPA   (2)
46 035150966 ASPAMDA
47 035151636 BADAGRY
48 035150792 BROAD ST
49 035151283 BROAD STREET   (2)
50 035151296 DAVIES STREET
51 035150077 DOPEMU
53 035150080 EBUTE META
54 035150954 EGBEDA
55 035151623 GBAGADA/BARIGA
56 035150103 HEAD OFFICE
57 035150116 IBD
58 035150226 IJEDE
59 035150624 IJORA
60 035150271 IKEJA
61 035151254 IKORODU
62 035151212 IKOYI
63 035150598 IPONRI
64 035150750 ISOLO
65 035150938 JIBOWU
67 035150297 LAPAL
68 035150721 LAWANSON
69 035150925 MARINA
70 035150695 MARYLAND
71 035150323 MUSHIN
72 035151021 NAHCO
73 035150831 NPA APAPA PORT
74 035151322 OBA AKRAN
75 035150488 OGBA
76 035151050 OJOTA
77 035150763 OKE ARIN
78 035150734 OKOKOMAIKO
79 035150352 ORILE
80 035150983 ORILE CASH (COKER)
81 035150705 OSHODI
82 035150666 PELEWURA
83 035150420 TINUBU
84 035150844 UNILAG
85 035151270 VICTORIA ISLAND  (2)
86 035161082 MINNA
87 035091110 YOLA
88 035170015 ABEOKUTA
89 035171344 ABEOKUTA     (2)
90 035170031 AGO- IWOYE
91 035170057 AJILETE
92 035170044 AYETORO
93 035171496 BABCOCK
94 035170099 EWEKORO
95 035170125 IDI IROKO
96 035170141 IFO
97 035170196 IJEBU IGBO
98 035170206 IJEBU MUSHIN
99 035171069 IJEBU ODE
100 035171645 ILARO
101 035170219 ILISHAN
102 035171263 OKE-ILEWO
103 035170345 OSU CAMPUS
104 035170361 OTTA
105 035170332 OWODE
106 035170905 PANSEKE
107 035170413 SHAGAMU
108 035170675 WAPCO
109 035180063 AKURE
110 035181392 AKURE  (2)
111 035180500 FUTA
112 035180160 IGBARA OKE
113 035180238 IJU
114 035181677 IKARE AKOKO
115 035180584 ONDO
116 035181033 ORE
117 035181790 OWO
118 035291774 EDE
119 035290513 EDUN ABON
120 035290241 IBOKUN
121 035290131 IFETEDO
122 035291389 ILESHA
123 035290254 IRAGBIJI
124 035290652 IWO
125 035291651 JABU, ARAKEJI
126 035290306 MODAKEKE
127 035290872 OAU
128 035291758 OKUKU
129 035290717 OSOGBO
130 035291363 OSOGBO (2) MAIN
131 035190024 AGODI
132 035191353 AGODI    (2)
133 035190574 APATA
134 035190684 BODIJA
135 082190820 DUGBE
136 035190642 GBAGI
137 035190176 IGBETI
138 035190189 IGBOHO
139 035191667 IGBO-ORA
140 035190396 KISHI
141 035190312 MOKOLA
142 035191007 NNPC  APATA
143 035191761 OGBOMOSHO
144 035190435 OLUBADAN
145 035190379 POLY IBADAN
146 035190406 SANGO
147 035201104 JOS
148 035211547 HAPPY BITE
149 035210852 PORT HARCOURT
150 035211466 PORT. HARCOURT  (2)
151 035221074 SOKOTO

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.


BUA Cement Secures $500 Million Financing for Expanding Cement Plants in Nigeria

BUA Cement Plc has successfully secured a financing package of $500 million to support the expansion of its cement plants.



BUA Hq - Investors King

BUA Cement Plc, a leading cement manufacturer in Nigeria, has successfully secured a financing package of $500 million to support the expansion of its cement plants.

The financing was obtained from a syndicate of renowned development finance institutions, led by the International Finance Corporation (IFC), and includes participation from the African Development Bank (AfDB), Africa Finance Corporation (AFC), and Deutsche Investitions – und Entwicklungsgesellschaft (DEG).

The expansion projects will focus on BUA Cement’s integrated cement plants located in Kalambaina, Sokoto State, Nigeria. According to the company, the financing will enable BUA Cement to increase the production capacity of these plants to 8.0 million metric tonnes per annum (MTPA) and develop additional auxiliary utilities to support the company’s operations.

This significant financial achievement follows BUA Cement’s disclosure to the Nigerian Exchange Limited (NGX), its esteemed shareholders, and the investing public on 25th July 2022, where the company expressed its intention to pursue expansion projects and raise up to $500 million in debt.

BUA Cement’s expansion projects are expected to have far-reaching effects, including job creation, promotion of local economic development, and infrastructure growth. The increased production capacity will meet the rising demand for cement in Nigeria, supporting various infrastructure projects and bolstering the country’s economic development.

The syndicate of development finance institutions backing the financing highlights the confidence placed in BUA Cement’s potential and its positive impact on the Nigerian economy.

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Banking Sector

Wema Bank Plc Announces Dividend Declaration and Director Appointments at 2022 AGM

Wema Bank Plc recently held its highly anticipated Annual General Meeting (AGM) on May 31, 2023, in a fully electronic format.



Wema Bank - Investors King

Wema Bank Plc recently held its highly anticipated Annual General Meeting (AGM) on May 31, 2023, in a fully electronic format.

During the meeting, several crucial resolutions were presented and subsequently passed, marking significant milestones for the bank.

One of the most notable resolutions was the declaration of a dividend. The shareholders unanimously approved a dividend payout of 30 kobo per ordinary share of 50 kobo each. The dividend, stemming from the bank’s profits in the Financial Year ended December 31, 2022, will be paid to members on the company’s register as of May 9, 2023, after the deduction of the appropriate Withholding Tax.

Also, the AGM witnessed the ratification of a new Director’s appointment. Mr. Tunde Mabawonku was unanimously appointed as an Executive Director of the bank, bringing his wealth of experience and expertise to the organization.

In addition, the AGM addressed the re-election of Directors retiring by rotation. Shareholders unanimously voted for the re-election of Mr. Abubakar Lawal, Mr. Adeyemi Adefarakan, and Prince Olusegun Adesegun as Non-Executive Directors on the Bank’s Board.

Another significant resolution passed at the AGM involved the authorization of Directors to determine the remuneration of the auditors. The shareholders unanimously empowered the Board of Directors to fix the fees payable to the Bank’s Auditors.

Additionally, the election of members of the audit committee was a vital aspect of the AGM. The shareholders elected Professor Oyelakin Samuel Awobode, Mr. Ogbonna Joe Anosikeh, and Mrs. Omobola Esther Osijo as the shareholders’ representatives to the Bank’s Statutory Audit Committee.

Meanwhile, Mr. Abubakar Lawal and Mrs. Bolarin Okunowo were chosen as the Board’s representatives on the Committee.

Lastly, the AGM approved the directors’ fees for the financial year ending December 31, 2022. The Directors’ annual fee was fixed at N62,000,000.00, with the Chairman receiving N9,500,000.00 and Non-Executive Directors each receiving N7,500,000.00. Additionally, a sitting allowance of N300,000.00 was approved for the Chairman and N250,000.00 for other directors for the 2023 financial year. These fees reflect the bank’s commitment to fair and competitive compensation for its leadership team.

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Banking Sector

Unity Bank Grows Gross Earnings to N57Billion in 2022FY, Builds Momentum as Profit Grows by 21% in Q1/2023

Unity Bank total comprehensive income rose by 262.1% to N1.2 billion from N744 million in the corresponding period of 2021



Unity bank - Investors King

Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021.   

The Bank in its audited full-year financial statement submitted to the Nigeria Exchange Group Limited recorded growth in key performance indicators as reflected in the interest income, loans and advances to customers, customer deposits, and profits.

A major highlight of the financial year is the growth in total comprehensive income, which rose by 262.1% to N1.2 billion from N744 million in the corresponding period of 2021. The Bank grew Profit Before Tax (PBT) by N1.1 billion, while Profit After Tax stood at N941.4 million.

With the loan book sustaining an expansion by 7.5% to N289.4 billion from N269.3 billion within the period under review, the interest and similar income consequently witnessed significant growth rising 7.5% to close at N48.9 billion compared to N43.2 billion in the corresponding period of 2021.

Similarly, income from fees and commissions recorded significant growth, rising by 25.7% to N7.68 billion from N6.1 billion within the period under review.

More so, deposits from customers saw marginal growth, increasing by 1.6% to N327.4 billion from N322.2 billion in the corresponding period of 2021 as the Bank pushes for deeper penetration of its retail footprint with the rollout of products targeting different segments of the market.

Meanwhile, the Bank also released its unaudited financials for Q1, 2023, in which it sustained improved performance, posting a 21% growth in Profit After Tax, PAT to N1.04 billion from N869.2 million in the corresponding period of 2022. Its gross earnings for the quarter also rose by 17% to N15.9 billion compared to N13.6 billion in the corresponding period of 2022.

Commenting on the financial statements, the Managing Director/CEO of Unity Bank Plc, Mrs. Tomi Somefun noted that the Bank’s focus on building back momentum continues to reflect in the key performance indicators despite economic headwinds and volatilities that characterized the operating environment in the 2022 financial year.

“There are highs and lows as we look at the gross earnings, with 13.7% growth, increase in liquid assets by 7.5% and deposits recording moderate growth of 1.6%, while maintaining steady growth in profitability”, she stated.

“Overall, the financial statement thus threw up both strong and less optimal points which inform the outlook for our business”, she further stated.

She reassures that going into the new financial year, the Bank will remain laser-focused on our strategic choices and key growth drivers to push all the indices and elevate growth to double-digit territory. “The performance posted for Q1’23 in terms of the PBT, gross earnings, and other key indicators are strong reinforcement of adequate measures being adopted and a testament of our resolve to sustain and equally improve upon the fundamental initiatives adopted to strengthen growth throughout the course of the financial year”, Mrs. Somefun stated.

She further said: “Since late 2022, the Bank has begun significant investment in technology and innovation in line with its strategic pursuits to win in the retail space with our focus on digital and lifestyle banking, dynamic product development, and accelerated onboarding. As part of our transformation journey, we will double down on these investments in the coming months in order to achieve our aspirations of (1) significantly reducing customer pain points and simplifying customer experience; (2) increasing the rate of customer acquisition; (3) expanding the frontiers of partnerships; and (4) ultimately developing new and sustainable income lines for the Bank.”

According to her, the Bank will further give attention to fast-paced process automation, cost and resource efficiency, targeted value chain relationships, and brand visibility as it expands the range of products and services to meet the evolving needs of its esteemed customers.

Analysts are of the view that the growing retail footprint driving the repositioning strategy of the Bank aligns with the market expectations, which is also reflected in the increasing uptake of the Bank’s offering.

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