30 results
- 16 Jul 2021
NOVA Merchant Bank Shareholders Approve N800m Dividend
Nova Merchant Bank shareholders have approved N800 million dividend payout for the full financial year ended December 31, 2020. The shareholders gave the approval during the bank’s fourth Annual…
- 26 Jul 2021
Nova Merchant Bank Reaffirms Commitment to Bridging Infrastructure Gaps
NOVA Merchant Bank, one of Nigeria’s premier Merchant Banks has reaffirmed its commitment in bridging Nigeria’s infrastructural gaps. Nath Ude, chief executive officer and managing director of NOVA…
- 5 Aug 2021
NOVA Merchant Bank Names Onokpasa as ED
NOVA Merchant Bank has announced the appointment of Emmanuel Onokpasa as executive director for wholesale bank and treasury. NOVA which announced the appointment in a statement said the Central Bank…
- 17 Dec 2022
NOVA Merchant Bank Supports Blind, Partially Sighted Kids from Pacelli School
As part of its efforts towards commemorating the International Day of Persons with Disabilities, NOVA Merchant Bank visited the Pacelli School for the Blind and Partially Sighted, Surulere, Lagos,…
- 12 Sept 2022
Nova Merchant Bank’s Funke Okoya Appointed Chairperson, Women’s Empowerment Commission of Women in Finance Nigeria
Mrs Funke Okoya, an Executive Director, NOVA Merchant Bank has been appointed Chairperson, Women’s Empowerment Commission of the Women in Finance Nigeria. Okoya’s appointment was announced along with…
- 10 Feb 2022
NOVA Merchant Bank Registers N50Bn CP on FMDQ Exchange
FMDQ Securities Exchange Limited has approved the registration of the NOVA Merchant Bank Limited N50.00 billion Commercial Paper (CP) programme on its platform, following the due diligence of its…
- 2 Feb 2018
Oduoza, Former UBA Boss Floats Nova Merchant Bank
Phillips Oduoza, quintessential banker and former group managing director of the United Bank for Africa (UBA), has launched Nova Merchant Bank. Nova Merchant Bank has already designed…
- 3 Aug 2022
Global Credit Rating Affirms NOVA Merchant Bank’s Bbb, A3 Ratings
Global Credit Rating has affirmed NOVA Merchant Bank Limited’s national scale long and short-term ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook. The ratings agency explained that…
- 7 Aug 2022
Nova Merchant Bank Appoints New Directors, Promotes 20 Per Cent Workforce
NOVA Merchant Bank has announced the appointment of two independent non-executive directors and one non-executive director. This is just as it promoted about 20% of its workforce to various grade…
- 8 Jul 2019
NOVA Merchant Bank Launches New Website
NOVA Merchant Bank has announced the launch of its newly redesigned website, in fulfilment of its desire to continuously find ways to serve its customers better. The announcement was contained…
- 3 Sept 2018
NOVA Merchant Bank Appoints Anya Duroha as Acting MD/CEO
NOVA Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the Acting Managing Director / Chief Executive Officer of the Bank. The appointment, which is subject to approval…
- 1 Jan 2024
NOVA Merchant Bank Set to Begin Commercial Banking, Appoints Oyedeji as MD/CEO
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the…
- 3 Mar 2020
NOVA Merchant Bank Reports N1.65Bn Profit
NOVA Merchant Bank Limited has said that its profit after tax rose by 44 per cent to N1.65bn at the end of 2019 financial year from N1.15bn in the corresponding period of 2018. A statement said the…
- 26 Sept 2023
NOVA Merchant Bank Uplifts 50 Young Lives through Pediatric Surgical Intervention
NOVA Merchant Bank, a leading merchant bank in Nigeria, has sponsored a Pediatric Surgical Intervention, as part of its 2023 Environmental, Social and Governance (ESG) program, specifically within…
- 12 May 2020
NOVA Merchant Bank Holds 3rd AGM Virtually
Nova Merchant Bank on Thursday, May 7, embraced digital technology as the financial institution held its third Annual General Meeting (AGM) virtually at its head office in Victoria Island, Lagos. The…
- 30 Mar 2020
NOVA Merchant Bank Supports Fight against COVID-19 with Relief Materials
NOVA Merchant Bank has announced a donation of various relief materials to the vulnerable sector in Lagos. This is in response to the fight against the Coronavirus (COVID-19) pandemic. Phillips…
- 6 Jul 2020
Nova Merchant Bank Floats N10Bn Bond
Nova Merchant Bank, a leading merchant bank in Nigeria has announced that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to achieve its short-term and…
- 27 Jul 2020
Nova Merchant Bank’s Debut N10Bn Bond Oversubscribed by 300 Per Cent
Nova Merchant Bank, a leading merchant bank in Nigeria, has announced the successful issuance of its N10 billion 7-Year Subordinated Unsecured Bond under its N50 billion debt issuance programme. The…
- 5 Feb 2018
Nova Merchant Bank Raises Hope for Corporate, Trade Financing
The re-entry of merchant banks into the Nigerian financial landscape, according to analysts, raises hope for corporate and trade financing. Philips Oduoza, chairman, Nova Merchant Bank Limited…
- 22 Jan 2019
NOVA Merchant Bank Promotes Staff
NOVA Merchant Bank has promoted about a third of its staff who have demonstrated exceptional performance in their responsibilities. This is in fulfillment of its commitment to be the best…
- 13 Aug 2020
Customers at the Heart of Everything @ Nova Merchant Bank- MD
Nova Merchant Bank Limited has a sound risk management structure, good understanding of the business environment and customer base, according to Anya Duroha, its managing director/chief executive…
- 5 Oct 2020
NOVA Merchant Bank Appoints Ude as Acting MD/CEO
A NOVA Merchant Bank has appointed Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective October 3, 2020 subject to approval by the Central Bank of Nigeria. Mr. Nath Ude Nath…
- 20 Jul 2023
NOVA Merchant Bank Receives Shareholders Nod for Full Commercial Banking License
NOVA Merchant Bank has received approval from its shareholders to transition into a commercial banking license. The shareholders gave their unanimous approval during the company’s 6th Annual General…
- 14 Mar 2024
NOVA Merchant Bank Attracts $65.12m FDI in 2023
NOVA Merchant Bank, a leading merchant bank in Nigeria, has firmly established its presence in Nigeria’s banking landscape and beyond as it has achieved a remarkable 76.1% increase in Foreign Direct…
- 14 Jan 2024
NOVA Merchant Bank Increases in Staff Salaries by 50 Percent
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. Mr. Wale Oyedeji, MD/CEO, Nova Merchant Bank The…
- 24 May 2021
GCR Upgrades NOVA Merchant Bank’s Rating
Global Credit Rating (GCR) has upgraded NOVA Merchant Bank’s Long Term Issuer Rating from BBB- to BBB with a stable outlook. The reasons given for the upgrade include the Bank’s strong…
- 7 Jun 2021
NGX Lists Nova Merchant Bank’s N10Bn Bond
Nigerian Exchange Limited commemorated the listing of Nova Merchant Bank Plc’s N10billion Bond on Thursday, 3 June 2021 with a digital Closing Gong ceremony. The bond listed is the NOVAMBL…
- 8 Jun 2021
NOVA Merchant Bank Lists Bond on NGX
NOVA Merchant Bank recently concluded the listing of its N10 billion 7-Year Subordinated Unsecured Bond on the Nigeria Stock Exchange. This milestone was marked by the Bank partaking in the closing…
- 18 Apr 2023
NOVA Merchant Bank Doubles Earnings, Reflecting Exceptional Service, Innovative Offering
NOVA Merchant Bank Limited has announced its audited results for the full year ended December 31, 2022, showing outstanding performance and significant growth across all its indicators on the back of…
- 31 Jul 2022
NOVA Merchant Bank Grows Earnings by 25.7 Per Cent YoY, Reflecting Growth in Market Share
NOVA Merchant Bank Limited has announced its Audited Full Year 2021 financial results, showing an impressive 25.7% year-on-year growth in gross earnings to N17.03b (2020: N13.55b), as loans and…