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News Archives - NOVA Merchant Bank Limited

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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Shareholders Commend NOVA’s Growth Trajectory, Approve 800M Dividend

NOVA Merchant 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 N800m as dividend for

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NOVA Merchant Bank Lists Bond on the Nigerian Stock Exchange

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 gong ceremony held remotely with Mr. Nath Ude MD/CEO NOVA Merchant Bank, Mr. Olumide Bolumole Divisional Head Listings Business NGX Limited, Mr. Peter Ashade

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NOVA Merchant Bank Promotes Staff, Flags-Off Executive Trainee Scheme

NOVA Merchant Bank, a leading merchant bank in Nigeria, began 2021 on a high note as it announced several promotions for its employees who excelled in the performance of their responsibilities. The Bank announced on Monday that the promotions are in line with its goal of building a high performance culture, adding that they cut

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