NOVA Merchant Bank has received approval from its shareholders to transition into commercial banking. The shareholders gave their unanimous approval during the company’s 6th Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and build upon its growth legacy. At the meeting, the company’s Board of Directors took […]
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In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on Nova Merchant Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate of 12% per annum. This achievement follows the recent publication of the Bank’s financial results for […]
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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 long-term goals. The technology-driven financial institution is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its N50 billion […]
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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. The provision will support the drive to limit the spread of COVID-19 in Nigeria. Beneficiaries of this intervention include: Pacelli School of the Blind, Surulere Lagos. […]
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NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st, 2019, recording impressive performances across its major financial lines. Specifically, the Bank declared a profit after tax of N1.65 billion for the 2019 financial year representing an impressive 44% growth compared to N1.15bn recorded at the end of the 2018 financial […]
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In furtherance of its plans to scale its operation this year, NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). The reasons given for the Bank’s rating include the strength of the Board and management team, robust capitalisation, prudent […]
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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 of the Central Bank of Nigeria, became effective on August 30th 2018. Prior to the appointment of Mr Duroha as the Acting Managing Director / […]
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In order to start and build a successful business, aspiring entrepreneurs and business owners have been advised to be courageous and resilient, two necessary conditions for overcoming obstacles critical to business growth and success. The Chairman of NOVA Merchant Bank Limited, Mr. Phillips Oduoza gave the advice on Wednesday 30th of May 2018 while delivering the […]
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