Business News of Thursday, 3 July 2025

Source: www.dailytrust.com

Wema Bank gives out N3m grants to 3 MSMEs

Wema Bank has disbursed business grants totalling N3,000,000, to the top 3 Micro, Small and Medium Enterprises (MSMEs) which emerged winners in a business pitch competition at the Lagos Leather Fair 2025 recently.

The Top 3 winners of the business grants include EwaOluwa Morenikeji of House of Ewa LTD, Joy Fache James of Paciencia, and Fatima Yusuf of House of Zibima; all of whom won N1,000,000 each, courtesy of Wema Bank.

This gesture, according to a statement, capped off Wema Bank’s celebration of World MSME Day, reinforces the Bank’s position as the financial institution that is committed to supporting Nigerian MSMEs and empowering them with the resources, tools and support they need to thrive, scale and remain sustainably profitable.

Receiving the grants, the businesses expressed profound gratitude to Wema Bank for their unwavering support and intentional approach to accelerating Nigerian businesses towards success.

Receiving her cheque, one of the winners, EwaOluwa Morenikeji, Founder and CEO of a modern bag making brand, House of Ewa LTD, shared some insight into the specific aspects of her business where she would be channeling the N1,000,000 grant to, appreciating Wema Bank for supporting the growth of her business.

Wema Bank’s MD/CEO, Moruf Oseni, reiterated the Bank’s commitment to championing accelerated growth in Nigeria’s MSME sector towards improving the nation’s macroeconomic conditions.