In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on the Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate of 12% per annum. This achievement follows the recent publication of...
NOVA Bank Limited has released its audited results for the financial year ended December 31st 2020, 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...
NOVA 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,...
NOVA 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...
NOVA 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...
NOVA 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...
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...
Lagos, Nigeria – March 2, 2020 NOVA Bank Limited -the ‘Bank’ – a full-service merchant bank releases its Audited 2019 Full Year Financial Results, showing gross earnings of N5.87bn and Profit After Tax of N1.65bn. On March 2, 2020, NOVA Bank Limited – a full-service merchant bank, released its audited...
In fulfilment of its commitment to constantly find new ways to serve its customers better, NOVA Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service. This will enable the Bank handle duty payments for its clients in addition to...
NOVA Bank is proud to partner with Ikoyi Club 1938 in hosting the 2019 edition of the Nigeria Cup golf tournament. The Nigeria Cup is an annual event which commemorates the anniversary of Nigeria’s independence and celebrates our national heritage, the game of golf and sporting excellence. “At NOVA Bank,...
