NOVA Bank, formerly known as NOVA Merchant Bank, announces the commencement of its operations as a National Commercial Bank. This momentous occasion is marked by the opening of its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island. This milestone follows the CBN’s approval of the final license...
NOVA Bank set to Begin Commercial Banking, Appoints Adebowale Oyedeji as MD/CEO NOVA 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 national commercial banking license from the relevant authorities....
Agusto & Co. has affirmed NOVA Bank Limited’s rating of Bbb with a Stable Outlook. The rating Agency maintained that the bank was rated based on its sound capitalization, strong liquidity profile and good credit management with a low level of non-performing loans. Stating the rationale for the rating, Agusto...
DATAPRO® Affirms Nova Merchant Bank Limited’s Long-Term and Short-Term Issuer Ratings of “A+” and “A1” – Stable Outlook DataPro, the Technology-Driven Credit Rating Agency has affirmed NOVA Bank Limited’s Long-Term rating of A+ and short-Term ratings of A1 with Stable Outlook. The rating agency explained that the bank was rated...
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...
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...
