Tag: NOVA Merchant Bank
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NOVA Merchant Bank chair, Phillips Oduoza’s son, Emeka is dead
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.
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Shareholders approve NOVA Merchant Bank’s conversion to commercial bank
NOVA Merchant Bank has gotten approval from its numerous shareholders to go fully into the commercial banking system in Nigeria. The approval was granted unanimously by the shareholders at the company’s 6th Annual General Meeting in Lagos on Wednesday, where they all agreed that the bank is well-positioned to sustain and build upon its growth…
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NOVA Merchant Bank supports blind, 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 Day of Persons Living with Disabilities is a day set-aside by the…
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Okoya appointed chairperson Women’s Empowerment Commission of Women in Finance Nigeria
Mrs Funke Okoya, an Executive Director, NOVA Merchant Bank has been appointed Chairperson, Women’s Empowerment Commission of the Women in Finance Nigeria (WIFNG).
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DataPro affirms Nova Merchant Bank Limited’s Long-Term and shortTerm 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 its good financial strength, operating performance, and business profile when compared to the standard established by the agency,…
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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 to strengthen the board and bring more inclusivity and diversity to the…
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NOVA Merchant Bank’s growth trajectory continues, declares N3.52bn profit
NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st2020, recording impressive growth across its major financial lines. The Bank declared a profit after tax of N3.49bn in 2020 compared to N1.65bn in 2019 which represents a 112% increase. All the key financial parameters recorded major improvement over the…
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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 Merchant Bank appoints Acting MD/CEO
Nova Merchant Bank on Monday announced the appointment of Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective October 3, 2020, subject to approval by the Central Bank of Nigeria (CBN). The bank disclosed this in a statement. Nath is a seasoned banker whose experience cuts across three continents in world class financial…
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NOVA Merchant Bank Limited declares N1.15bn in profit after tax
NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits of its investments in its operations, technology and people. The…