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News Archives - NOVA Merchant Bank Limited

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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NOVA Wins ‘Bond Offering of the Year’ at BAFI Awards

NOVA Merchant Bank has emerged the winner of the ‘Bond Offering of the Year’ prize at the BusinessDay Bank and other Financial Institutions (BAFI) Awards. It clinched the prize for its extremely successful N10bn seven year subordinated unsecured bond which was oversubscribed by 300 percent. In a well-attended ceremony comprising of Bank CEOs, captains of

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NOVA Merchant Bank Appoints Nath Ude as Acting Managing Director / Chief Executive Officer

NOVA Merchant Bank, a leading merchant bank in Nigeria, is pleased to announce the appointment of Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective 3rd of October 2020 subject to approval by the Central Bank of Nigeria. Nath is a seasoned Banker whose experience cuts across three continents in world class financial

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NOVA Merchant Bank’s Debut N10bn Bond Oversubscribed by 300%

NOVA Merchant Bank, a leading merchant bank in Nigeria, has announced the successful issuance of its N10 billion 7-Year Subordinated Unsecured Bond under its N50 billion debt issuance programme. The transaction represents NOVA’s first bond issuance in the debt market and was oversubscribed by 300 percent. The offer which opened on June 30, 2020 following

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2020 International Women’s Day Celebrations

Yesterday (March 7, 2020) at our Power Breakfast International Women’s Day conference. We had our Head corporate Banking, Funke Okoya and Dr. Mistura Olowookere spoke real issues associated with women in relations to, health, work life balance, self improvement, self awareness and personal growth. We are #EachforEqual.   See more images in our 2020 International

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NOVA boosts operations with Intellect Digital Core banking solution

NOVA Merchant Bank Limited has announced the adoption of a new banking solution, the Intellect Digital Core (IDC) banking platform to boost its operations and enhance its product offerings to its customers. The bank, which began operations last year, has embraced this solution in line with its focus of being the dominant leader in the

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