30 results
- 25 Aug 2022
DataPro Affirms Nova Merchant Bank ‘A+’ Rating
DataPro, the Technology-driven credit rating agency, says it has in its latest report affirmed Nova Merchant Bank Limited’s long-term rating to “A+” with a stable outlook for the year 2021/2022. The…
- 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…
- 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 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…
- 11 Mar 2019
NOVA Merchant Bank Declares N1.15Bn in PAT, Focuses on Scaling Business
NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125%…
- 14 Apr 2019
NOVA Merchant Bank Rated Investment Grade by 2 Leading Rating Agencies
NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). This is in furtherance of its…
- 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…
- 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…
- 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…
- 6 Aug 2020
Nova Merchant Bank Pledges to Deliver Higher Performance, Value
Mr. Ifeanyi Chukwuonye, chief financial officer (CFO) , Nova Merchant Bank Limited, has said that the long-term goal of the bank is to be a sustainable and viable financial institution that would be…
- 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…
- 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…
- 18 Apr 2021
Nova Merchant Bank’s Growth Trajectory Continues as it Posts N3.52Bn Profit
Nova Merchant Bank Limited has released its audited results for the financial year ended December 31st 2020, recording impressive growth across its major financial lines. The Bank declared a profit…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 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…
- 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…
- 20 Jun 2021
Phillips Oduoza: Inspirational Giant of Banking Industry
Phillips Oduoza, founder and chairman, NOVA Merchant Bank Limited is inspired by Nigeria’s future, which he believes holds potential waiting to be harnessed. Phillips Oduoza NOVA Merchant Bank offers…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 15 Mar 2026
Nova Bank Appoints Jude Anele as Managing Director/CEO
NOVA Bank Limited has announced the appointment of Jude Anele as its Managing Director and Chief Executive Officer, following the approval of the Central Bank of Nigeria. Jude Anele The appointment…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 23 Jul 2018
Nova Boosts Operations, Adopts Intellect Digital Core Banking Solution
Nova Merchant Bank Limited has announced the adoption of a new banking solution, the Intellect Digital Core (IDC) Banking platform to boost its operations and enhance its product offerings to its…