Emeka Oduoza, the son of chairman of NOVA Merchant Bank, has passed on, aged 27. Emeka, a promising investment banker, died at the weekend in New York, United States. Until his death, Emeka was a reputable and valued member of…
Shareholders approve NOVA Merchant Bank’s transition into commercial banking
NOVA Merchant Bank has received unanimous approval from its shareholders to transition into commercial banking. The decision, according to a statement, was made during the bank’s 6th Annual General Meeting in Lagos on Wednesday, where the Board of Directors unveiled…
NOVA Merchant Bank to support women embracing technology in Nigeria
NOVA Merchant Bank has pledged to promote gender equality by supporting women who embrace technology skills, especially in our ever-evolving world. The leading Nigerian bank made this commitment during the 2023 NOVA International Women’s Day (IWD) conference held recently, at…
NOVA Merchant Bank begins N20b 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 in a…
NOVA Merchant Bank lists Bond on NSE
NOVA Merchant Bank recently concluded the listing of its N10 billion 7-Year Subordinated Unsecured Bond on the Nigeria Stock Exchange (NSE). This milestone was marked by the Bank partaking in the closing gong ceremony held remotely with Mr Nath Ude…
GCR upgrades NOVA Merchant Bank’s rating to BBB
Global Credit Rating has upgraded NOVA Merchant 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…
NOVA Merchant Bank Bond reaffirmed as “A” rated
In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on NOVA Merchant Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate…
Nigeria Customs Service appoints NOVA Merchant Bank duty collecting bank
NOVA Merchant Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service. The bank said this will enable it handle duty payments for its clients in addition to process and…
NOVA Merchant Bank appoints Anya Duroha substantive MD/CEO
The Board of NOVA Merchant Bank has confirmed the appointment of Mr. Anya Duroha as the substantive Managing Director/Chief Executive Officer. The Board’s confirmation made at its meeting of Thursday, December 6, 2018, is subject to the approval of the…
Anya Duroha appointed NOVA Merchant Bank acting MD/ CEO
NOVA Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the bank’s Acting Managing Director/Chief Executive Officer. A statement from the bank Monday said the appointment is subject to approval of the Central Bank of Nigeria (CBN)…