Wema Bank boosts SMEs, launches business school

Wema Bank grows gross earnings by 42.3% to N131.08bn

Leading innovative financial institution, Wema Bank, has once again demonstrated its commitment to the growth and development of Nigerian Small and Medium Enterprises (SMEs) with the launch of an SME Business School.

Wema Bank’s SME Business School, another first from the innovative bank, will equip SMEs with the basic management knowledge required to effectively run their businesses and respond to challenges in a demanding business environment. According to the Retail Divisional Head, Dotun Ifebogun, the school curriculum is designed to close the knowledge gap that plagues most SMEs in the country, leading to poor business structure and management.

Read:  PZ migrate to profit amid FX loss

He disclosed that the bank has support from the Frankfurt School of Finance and Management, Germany, for the school, with top-notch consultants from within and outside Nigeria as facilitators. 

Commenting on the school’s operations, Ifebogun said, “it is a free program that will hold twice a year across different regions in the country, starting with Lagos, with online and in-class sessions. The in-class session will run for five days, and we aim to educate and support 3,000 SMEs in the next two years.”   Ifebogun further noted that the initiative would be a boon to SMEs seeking to scale and consolidate their market positions.

Read:  Entrepreneurship, solution to poverty –SMEDAN boss


Related posts

Guinness Nigeria reports 110% increase in profit to N1.25bn


Unilever Nigeria set to create new company for tea business


Dangote maintains rank as Forbes’ richest man in Africa


Banks’ profit may dip over fintech encroachment on financial services


CBN launches Nigerian Domestic Card, AfriGo, bans dollar charges on domestic transactions


A good quarter for manufacturing sector


Leave a Comment