NOVA Bank Announces Appointment of New Directors, Promotes 20% Workforce NOVA Bank, a leading merchant bank in Nigeria has announced the appointment of two independent non-executive directors and one non-executive director as it elevates about 20% of its workforce to various grade levels in the Bank. The three new...
GCR affirms Nova Merchant Bank Limited’s National Scale Long and Short-term Issuer Ratings of BBB(NG)/A3(NG); Outlook Stable. Global Credit Rating has affirmed NOVA 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 NOVA was rated on the basis...
NOVA Bank Grew Earnings By 25.7% YOY, Reflecting Growth in Market Share Nova Merchant Bank Limited (“NOVA or “the Bank”), 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 advances to customers grew by...
Future of Internal Audit in an Increasingly Digital World – A Paper Presented at the 52nd Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) Held on June 23, 2022 at Lagos Oriental Hotel, Victoria Island, Lagos Protocols. The year 2020 saw the...
Banking Auditors’ Conference hosted by NOVA Bank with EFCC and CBN in attendance. NOVA Bank, a leading merchant bank in Nigeria hosted the 52nd Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria on Thursday, 23 June 2022 at the Oriental Hotel in Lagos. The theme...
NOVA Bank, a leading merchant bank in Nigeria will be hosting the 52nd Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria on Thursday, 23 June 2022 at the Oriental Hotel in Lagos. The meeting which is themed “The Future of Internal Audit in an Increasingly...
NOVA Bank, a leading merchant bank in Nigeria, has announced that its N20 billion Series 1 & 2 Commercial Paper issuance under the Nova Merchant Bank Limited N50 billion CP Programme is now open. The company said the offer which opened on the FMDQ platform on Tuesday, February 8, 2022...
NOVA Bank held its 4th Annual General Meeting in Lagos where shareholders commended the board and management for its impressive performance over the years. At the meeting held on the 30th of June 2021 at the Head Office, No. 23 Kofo Abayomi Street Victoria Island, shareholders approved the payment of...
NOVA 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 gong ceremony held remotely with Mr. Nath Ude MD/CEO NOVA Bank, Mr. Olumide Bolumole Divisional Head Listings Business NGX Limited,...
Global Credit Rating (GCR), has upgraded NOVA 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 capitalisation, risk position, liquidity and evolving brand. The upgrade in the Bank’s rating comes shortly after Datapro recently reaffirmed the...
