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News Archives - NOVA Merchant Bank Limited

NOVA Merchant Bank Pledges Support to Women Embracing Technology in Nigeria

NOVA Merchant Bank, the leading Bank in Nigeria, has pledged to promote gender equality by supporting women who embrace technology skills, especially in our ever-evolving world. This commitment was made during the 2023 NOVA International Women’s Day (IWD) conference held recently, at the Bank’s headquarters in Lagos. The IWD conference is part of the Bank’s

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NOVA Merchant Bank Supports Blind, Partially Sighted Kids from Pacelli School

NOVA Merchant Bank has supported Blind and 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, last Thursday, donating valuable goods and materials worth millions of naira. The International

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Agusto & Co. Affirms NOVA Merchant Bank Limited’s Ratings of Bbb, Outlook Stable

Agusto & Co. has affirmed NOVA Merchant 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 & Co. noted in

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DATAPRO® Affirms Nova Merchant Bank Limited’s Long-Term and Short-Term Issuer Ratings of “A+” and “A1” – Stable Outlook

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 Merchant 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 as a result of

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NOVA Merchant Bank Announces Appointment of New Directors, Promotes 20% Workforce

NOVA Merchant Bank Announces Appointment of New Directors, Promotes 20% Workforce   NOVA Merchant 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 appointees are expected

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GCR affirms Nova Merchant Bank Limited’s National Scale Long and Short-term Issuer Ratings of BBB(NG)/A3(NG)

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 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 NOVA was rated on the basis of its strong capital

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NOVA Merchant Bank Grew Earnings By 25.7% YOY, Reflecting Growth in Market Share

NOVA Merchant 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 76.9% year-on-year to N88.38b

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Future of Internal Audit in an Increasingly Digital World

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 globe plunge into an unprecedented

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NOVA Merchant Bank to host Chief Audit Executives of Banks in Nigeria

NOVA Merchant 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 Digital World”, will bring

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NOVA Merchant Bank Commences N20bn Series 1 & 2 Commercial Paper Issuance

NOVA Merchant 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 has a tenor of

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