Wema Bank has announced it secured a €50 million facility from the European Investment Bank (EIB). This funding is specifically earmarked to bolster the growth and development of Small and Medium-sized Enterprises (SMEs) across Nigeria.

The agreement, made public on June 23, 2026, underscores Wema Bank's commitment to empowering the SME sector. This initiative aims to provide crucial financial support to businesses that are vital drivers of economic growth and job creation within the country.