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	<title>News Archives - NOVA Bank</title>
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	<title>News Archives - NOVA Bank</title>
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		<title>NOVA Bank Achieves Global Cybersecurity Milestone with ISO 27032 Certification</title>
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		<pubDate>Thu, 28 Nov 2024 17:07:48 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Press Release]]></category>
		<category><![CDATA[Certification]]></category>
		<category><![CDATA[Cybersecurity]]></category>
		<category><![CDATA[ISO 27032]]></category>
		<category><![CDATA[Security]]></category>
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					<description><![CDATA[<p>NOVA Bank Achieves Global Cybersecurity Milestone with ISO 27032 Certification NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction. The</p>
<p>The post <a href="/nova-bank-achieves-global-cybersecurity-milestone-with-iso-27032-certification/">NOVA Bank Achieves Global Cybersecurity Milestone with ISO 27032 Certification</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h3>NOVA Bank Achieves Global Cybersecurity Milestone with ISO 27032 Certification</h3>
<p>NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.</p>
<p>The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.</p>
<p>Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.</p>
<p>“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated.</p>
<p>The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.</p>
<p>“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.</p>
<p>This milestone aligns with NOVA Bank&#8217;s overarching strategy of integrating cutting-edge technology with its trademarked <em><i>Phygital</i></em> model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction. As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.</p>
<p>The post <a href="/nova-bank-achieves-global-cybersecurity-milestone-with-iso-27032-certification/">NOVA Bank Achieves Global Cybersecurity Milestone with ISO 27032 Certification</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Partners with the Nigeria Cup Golf Tournament to Champion Golfing Excellence</title>
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		<pubDate>Mon, 30 Sep 2024 10:45:59 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Press Release]]></category>
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					<description><![CDATA[<p>NOVA Bank Partners with the Nigeria Cup Golf Tournament to Champion Golfing Excellence NOVA Bank has reaffirmed its commitment to the well-being and interests of high-net-worth individuals by sponsoring the 27th Nigeria Cup Golf Tournament. Hosted at the prestigious Ikoyi Golf Club 1938, the annual tournament for 2024 took place from, September 21st, to Saturday,</p>
<p>The post <a href="/nova-bank-partners-with-the-nigeria-cup-golf-tournament/">NOVA Bank Partners with the Nigeria Cup Golf Tournament to Champion Golfing Excellence</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h3>NOVA Bank Partners with the Nigeria Cup Golf Tournament to Champion Golfing Excellence</h3>
<p>NOVA Bank has reaffirmed its commitment to the well-being and interests of high-net-worth individuals by sponsoring the 27th Nigeria Cup Golf Tournament. Hosted at the prestigious Ikoyi Golf Club 1938, the annual tournament for 2024 took place from, September 21st, to Saturday, September 28th, 2024.</p>
<p>The Nigeria Cup Golf Tournament, organized by the Ikoyi Golf Community Nigeria Association (IGCNA), showcased the remarkable talent of golfers and the sport’s capacity to foster connections across board. This year, Mr, Tayo Babalakin emerged as the Nigeria Cup 2024 Champion, clinching the title with a stunning 85 gross with Handicap (HCP) 19 = 66 net. This victory etched Tayo Babalakin’s name in the history books as the 27th champion of this celebrated tournament.</p>
<p>As a former merchant bank serving high-net-worth clients, NOVA Bank has long valued golf as a recreation sport for business executives to network and relieve stress. The Bank&#8217;s transition to a national commercial bank has not diminished this commitment but has instead deepened its relationship with the golfing community, as reflected in its ongoing partnership with the Nigeria Cup.</p>
<p>Mr. Phillips Oduoza, Chairman of NOVA Bank and an avid golfer, highlighted the importance of the partnership in a speech presented by Mrs. Esther Adino, on his behalf. &#8220;As a long-term partner of the Nigeria Cup and the Ikoyi Club Golf Section, this annual event is always a delight for us at NOVA. It provides a unique opportunity to engage with our esteemed customers and the broader community while celebrating the beautiful game of golf. For over four years, NOVA Bank has been a proud supporter of this tournament, a sponsorship that aligns with our dedication to fostering wealth creation and enhancing the well-being of our customers. Golf plays an essential role in that mission, allowing us to connect with our HNI clients in a meaningful and engaging environment. We consider ourselves long-term sponsors of this tournament, and we are pleased to deepen our partnership with Ikoyi Golf Club. We look forward to exploring new opportunities for collaboration to elevate this esteemed club further.&#8221;</p>
<p>Reiterating NOVA&#8217;s involvement, Mrs. Chinwe Iloghalu, Executive Director of Institutional and Commercial Banking at NOVA Bank, added, &#8220;Our support of the Nigeria Cup reflects our commitment to offering our high-net-worth clients and C-suite executives an atmosphere of relaxation, well-being, and healthy competition. As a commercial bank, we continue to develop tailored products for SMEs and retail clients, including our groundbreaking NOVA Phygital mobile banking, which redefines personal banking experiences. The NOVA Phygital platform is designed to provide seamless financial solutions, ensuring our clients can manage their wealth effortlessly while enjoying the lifestyle they deserve. We remain dedicated not only to supporting our corporate customers’ businesses but also to helping them stay fit, relaxed, and focused. Golf is the perfect avenue to achieve this balance.&#8221;</p>
<p>Mr. George Etomi, Chairman of the 2024 Nigeria Cup Organizing Committee, commended NOVA Bank for their unwavering support. &#8220;NOVA Bank’s consistent sponsorship of the Nigeria Cup truly embodies the spirit of this club—harmony through recreation. Their partnership exemplifies the harmony and shared vision that has made them an integral part of our journey. We are thankful for NOVA’s dedication and look forward to more opportunities to create lasting impacts together.&#8221;</p>
<p>As NOVA Bank continues its growth trajectory, expanding its exceptional services to retail and SME markets, it remains committed to creating meaningful experiences for its high-net-worth clientele, while embracing a broader audience through innovation and customer-centered solutions. The partnership with the Nigeria Cup Golf Tournament reflects the values that define NOVA Bank— Uniqueness, Leadership, Teamwork, and Passion</p>
<p>The post <a href="/nova-bank-partners-with-the-nigeria-cup-golf-tournament/">NOVA Bank Partners with the Nigeria Cup Golf Tournament to Champion Golfing Excellence</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Appoints New Executive Directors</title>
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		<pubDate>Mon, 23 Sep 2024 15:18:56 +0000</pubDate>
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		<category><![CDATA[Press Release]]></category>
		<category><![CDATA[Chinwe Iloghalu]]></category>
		<category><![CDATA[Dr. David Isiavwe]]></category>
		<category><![CDATA[NOVA Bank]]></category>
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					<description><![CDATA[<p>NOVA Bank Appoints New Executive Directors NOVA Bank has announced the appointment of David Isiavwe as Executive Director, Operations and Information Technology, and Chinwe Iloghalu as Executive Director, Institutional and Commercial Banking. These appointments are part of NOVA Bank’s plan to strengthen its leadership team as the Bank continues its innovative journey, following its recent</p>
<p>The post <a href="/nova-bank-appoints-new-executive-directors/">NOVA Bank Appoints New Executive Directors</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h4>NOVA Bank Appoints New Executive Directors</h4>
<p>NOVA Bank has announced the appointment of David Isiavwe as Executive Director, Operations and Information Technology, and Chinwe Iloghalu as Executive Director, Institutional and Commercial Banking.</p>
<p>These appointments are part of NOVA Bank’s plan to strengthen its leadership team as the Bank continues its innovative journey, following its recent transition to a national commercial bank.</p>
<p>Dr. Isiavwe has over 30 years of banking experience in domestic and international banks. With a Ph.D. in Accounting, Dr. Isiavwe is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and Fellow Compliance Institute of Nigeria (FCIN) in addition to other professional certifications such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified Governance of Enterprise IT (CGEIT), Certified Information System Auditor (CISA), Certified Data Privacy Solutions Engineer (CDPSE) amongst others. David has attended leadership programs in some major global institutions such as Harvard Business School, MIT and Oxford University. He currently serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), and holds a position on the Governing Council of the Fintech Association of Nigeria. Additionally, he chairs the Statutory Audit Committee of Nigeria Inter-Bank Settlement System Plc (NIBSS). His appointment underscores NOVA’s focus on digital transformation, with his vast experience playing a crucial role in advancing the Bank’s technology-driven phygital model.</p>
<p>Mrs. Chinwe Iloghalu, with close to 30 years of experience in the banking industry, joins as Executive Director for Corporate and Commercial Banking, the key business and relationship management engine of the bank. Throughout her distinguished career, she has made significant contributions in business and corporate banking, with expertise spanning sectors such as energy, corporate, commercial and digital banking, where she has consistently created sustainable value and returns for key stakeholders. Holding an MSc in Media and Communications, along with an MBA, Chinwe is a Fellow of the Institute of Credit Administration (FICA). She has attended leadership and executive programs in key institutions such as Said Business School Oxford, Harvard Business School, Wharton amongst others. Her role will be central to enhancing NOVA’s commercial banking rollout across all key business development segments.</p>
<p>Phillips Oduoza, Chairman of NOVA Bank, commented on the appointments: “The addition of Dr. Isiavwe and Mrs. Iloghalu marks a critical point in constituting the management team that will lead NOVA into its next phase of growth. David’s expertise in technology will be key in enhancing our phygital model, while Chinwe’s strong business drive and relationship management coupled with the retail and product engine of the bank will be instrumental in driving the Bank’s strategic intent to become a formidable player in the banking industry. Their deep understanding of digital and electronic banking will significantly contribute to our trademarked phygital experience, which seamlessly combines the best of in-person service and bespoke digital solutions to serve our customers. Both leaders bring valuable experience that aligns perfectly with NOVA’s vision to be Africa’s preferred financial solutions provider.”</p>
<p>These two appointments will further diversify the board and bring about inclusiveness noted by Mr. Oduoza.</p>
<p>As NOVA Bank continues its expansion and transformation into a national commercial bank, these leadership appointments highlight its commitment to delivering innovative financial services. The Bank’s phygital model, combining cutting-edge technology with a physical presence, is redefining customer experiences and setting the stage for future advancements in the Nigerian banking landscape.</p>
<p>The post <a href="/nova-bank-appoints-new-executive-directors/">NOVA Bank Appoints New Executive Directors</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Commences Operations as a National Commercial Bank</title>
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		<pubDate>Thu, 04 Jul 2024 13:13:36 +0000</pubDate>
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		<category><![CDATA[Press Release]]></category>
		<category><![CDATA[Adebowale Oyedeji]]></category>
		<category><![CDATA[Commercial Banking]]></category>
		<category><![CDATA[NOVA Bank]]></category>
		<category><![CDATA[Phillips Oduoza]]></category>
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					<description><![CDATA[<p>NOVA Bank, formerly known as NOVA Merchant Bank, announces the commencement of its operations as a National Commercial Bank. This momentous occasion is marked by the opening of its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island. This milestone follows the CBN’s approval of the final license for the Bank to commence</p>
<p>The post <a href="/nova-bank-commences-operations-as-a-national-commercial-bank/">NOVA Bank Commences Operations as a National Commercial Bank</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>NOVA Bank, formerly known as NOVA Merchant Bank, announces the commencement of its operations as a National Commercial Bank. This momentous occasion is marked by the opening of its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island. This milestone follows the CBN’s approval of the final license for the Bank to commence operations as a National Commercial Bank.</p>
<p>&nbsp;</p>
<p>The Bank has further announced the official launch of this first branch within the next two weeks, to be followed by additional branches in Lagos, as well as in Abuja, Port Harcourt, and Kano, shortly from now.</p>
<p>&nbsp;</p>
<p>Speaking on the commencement of commercial banking operations, Mr. Phillips Oduoza, Chairman and Founder of NOVA Bank, emphasized the Bank&#8217;s unwavering commitment to customer focus and delivering exceptional service while introducing the innovative “PHYGITAL” model, a trademark of NOVA. He stated, &#8220;We are pleased to continue our tradition of excellence established as a merchant bank and further extend the banking experience to the retail end of the market. As we expand our services, we remain dedicated to delivering an unparalleled banking experience that seamlessly integrates the physical and digital realms. Our trademarked PHYGITAL experience combines a select number of strategically located physical branches with high-tech, seamless digital banking capabilities, ensuring that our customers receive the best of both worlds. This approach allows us to provide personalized, in-person service where it is most needed, while also offering the convenience and efficiency of cutting-edge digital solutions.&#8221;</p>
<p>&nbsp;</p>
<p>The Managing Director/CEO of NOVA Bank, Wale Oyedeji, added, &#8220;For over half a decade, NOVA has been instrumental to the success of leading corporates and high-net-worth individuals, delivering tailored solutions to meet the unique needs of their businesses. As we evolve to serve a broader customer base, we remain committed to delivering innovative services, building on our legacy as a leading Merchant Bank. Through disruptive seamless digital products and services, we are poised to deepen financial inclusion, provide convenient and secure banking solutions, and elevate the SME market as a key economic driver”.</p>
<p>&nbsp;</p>
<p>Mrs. Esther Adino, Group Head, Retail and Digital Banking, highlighted innovative financial solutions that NOVA Bank offers: &#8220;At NOVA Bank, we provide a comprehensive suite of banking services tailored to meet the diverse needs of individuals, SMEs, and large corporations. Our card solutions ensure convenience and security for everyday transactions. Our state-of-the-art mobile app empowers customers to manage their accounts, transfer funds, pay bills, and do much more, all from the convenience of their mobile devices. Additionally, we offer quick and efficient POS solutions that facilitate seamless transactions for SMEs and large businesses, along with flexible account options designed to cater to the varied financial needs of our customers.&#8221;</p>
<p>&nbsp;</p>
<p>Since its inception in 2018, NOVA Bank has firmly established its presence in Nigeria&#8217;s banking landscape and beyond. Despite its relatively young presence in the industry, spanning just over five years, NOVA has consistently surpassed market expectations, posting profits and strengthening its position as an investment grade leading financial institution both domestically and globally.</p>
<p>&nbsp;</p>
<p>The issuance of the national commercial banking license underscores CBN’s confidence in the strength of the Bank and, reflecting its robust financial health, good governance, and commitment to excellence.</p>
<p>The post <a href="/nova-bank-commences-operations-as-a-national-commercial-bank/">NOVA Bank Commences Operations as a National Commercial Bank</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023</title>
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		<pubDate>Thu, 25 Jan 2024 14:03:24 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Press Release]]></category>
		<category><![CDATA[Adebowale Oyedeji]]></category>
		<category><![CDATA[NOVA]]></category>
		<category><![CDATA[NOVAMBL Asset Management]]></category>
		<category><![CDATA[Subsidiary]]></category>
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					<description><![CDATA[<p>NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023 NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities &#38; Exchange Commission (SEC). NOVAmbl Asset Management is a subsidiary of NOVA Bank.</p>
<p>The post <a href="/novambl-asset-management-dollar-fixed-income-fund-named-best-performer-of-2023/">NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong><b>NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023</b></strong></p>
<p>NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities &amp; Exchange Commission (SEC).</p>
<p>NOVAmbl Asset Management is a subsidiary of NOVA Bank.</p>
<p>SEC had reported that a total of 21 dollar funds registered during the review period averaged an impressive 8.5% return, and all funds within this category achieved positive returns in 2023, with NOVAmbl Asset Management’s Dollar Fixed Income Fund emerging as the best-performing.</p>
<p>Undoubtedly, NOVA Bank’s dedication to excellence and its unwavering commitment to delivering consistent returns have positioned NOVAmbl Asset Management at the forefront of the Asset management landscape in Nigeria.</p>
<p>The recognition goes ahead to affirm the Bank’s expertise in navigating the complexities of the market and its ability to optimise investments for maximum returns.</p>
<p>Just recently, NOVA Merchant Bank Limited, the parent company of NOVAmbl Asset Management announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the national commercial banking license from the relevant authorities.</p>
<p>To this end, the bank  appointed Mr. Adebowale Oyedeji, as the new Managing Director and Chief Executive Officer to effectively stir its operations and deliver on its new mandate.</p>
<p>In another major development, NOVA Bank not long ago announced a substantial increase in staff salaries by up to 50% for all staff, another resounding indication of the Bank&#8217;s commitment to its workforce.</p>
<p>NOVA Bank Limited is an investment grade rated merchant bank in Nigeria that offers an integrated suite of financial solutions covering Financial Intermediation, Wholesale and Investment Banking, Asset and Securities Management, Trade Services, Cash Management, Transaction and Digital Banking.</p>
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<p>The post <a href="/novambl-asset-management-dollar-fixed-income-fund-named-best-performer-of-2023/">NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Partners with Ikoyi Club (Golf Section) to Sponsor the 2023 Annual Nigerian Cup Golf Tournament</title>
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		<pubDate>Mon, 09 Oct 2023 08:34:26 +0000</pubDate>
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					<description><![CDATA[<p>NOVA Bank Partners with Ikoyi Club (Golf Section) to Sponsor the 2023 Annual Nigerian Cup Golf Tournament &#160; NOVA Bank, a leading merchant bank in Nigeria, has reaffirmed its commitment to the well-being of high-net-worth individuals through its recent sponsorship of the 26th Nigeria Cup Golf Tournament. The tournament, hosted at the prestigious Ikoyi Golf</p>
<p>The post <a href="/nova-merchant-bank-partners-with-ikoyi-club-golf-section-to-sponsor-the-2023-annual-nigerian-cup-golf-tournament/">NOVA Bank Partners with Ikoyi Club (Golf Section) to Sponsor the 2023 Annual Nigerian Cup Golf Tournament</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong><b>NOVA Bank Partners with Ikoyi Club (Golf Section) to Sponsor the 2023 Annual Nigerian Cup Golf Tournament</b></strong></p>
<p>&nbsp;</p>
<p>NOVA Bank, a leading merchant bank in Nigeria, has reaffirmed its commitment to the well-being of high-net-worth individuals through its recent sponsorship of the 26th Nigeria Cup Golf Tournament. The tournament, hosted at the prestigious Ikoyi Golf Club 1938, took place from Saturday, September 23rd, to Saturday, September 30th, 2023.</p>
<p>The Nigeria Cup Golf Tournament, organized by the Ikoyi Golf Community Nigeria Association (IGCNA), was established to celebrate the nation&#8217;s Independence Day anniversary and has grown to become one of the country&#8217;s most prestigious golf tournaments. This year&#8217;s event featured professional golfers from across the country competing for the prize money of 2.5 million Naira. The tournament was a thrilling blend of skill and camaraderie, culminating in the heavy presence of High Net-Worth Individuals (HNIs) and golf enthusiasts at the tournament.</p>
<p>Mrs Funke Okoya, an Executive Director of NOVA Bank, provided insights into the bank&#8217;s rationale for backing golf as an aspect of their Environment, Social and Governance (ESG) program called the NOVA UPLIFT Initiative.  She said, &#8220;As part of NOVA’s commitment to wealth management, we continuously seek opportunities and platforms that empower our customers to prioritize their health, relax, and explore potential business avenues. Our deep concern for their well-being extends to our belief in golf, a sport that not only promotes physical fitness but also enhances mental focus.” “This is our way of fulfilling our Corporate Social Responsibility by supporting these platforms to ensure the well-being of our HNI customers.&#8221;</p>
<p>Mrs. Okoya also added that the provision of automated self-monitoring medical kits during the tournament allows recipients to conveniently track their health every morning therefore eliminating the need for frequent doctor&#8217;s visits.</p>
<p>Speaking on the impact of NOVA&#8217;s sponsorship, Akoni Yinka Olafimihan, Chairman of the 2023 Nigeria Cup Organizing Committee said, “The Nigeria Cup Golf Tournament has evolved into one of the most highly regarded tournaments in the country over the years, and this achievement owes much to sponsors who consistently place their trust in the organization&#8217;s capacity to maintain the tournament&#8217;s prominence within the golfing scene in Nigeria.”</p>
<p>Mr. Olafimihan highlighted that NOVA Bank&#8217;s continued support is a testament to the bank’s dedication to promoting well-being and fostering avenues for business opportunities. &#8220;We are thrilled to have NOVA as regular sponsors, and their contribution significantly enhanced the tournament&#8217;s success,&#8221; he added.</p>
<p>In addition, expressing his elation and enthusiasm, Mr. Makinde Mike, Champion of this year&#8217;s tournament, securing an impressive 76 gross off a handicap of 9, resulting in a net score of 67, said, &#8220;I was confident that I would be bringing this trophy home. In fact, this morning, my children asked me where I was taking the cup to, and I assured them I just wanted to show them at the club but would return with it for the next year, and I did.&#8221;</p>
<p>&#8220;It&#8217;s an incredible feeling to emerge as the champion again, and I want to take this opportunity to extend my gratitude to my fellow competitors for their exceptional sportsmanship and the organizers, as well as NOVA Bank who made this historical event possible,&#8221; he added.</p>
<p>NOVA Bank Limited is an investment grade-rated merchant bank in Nigeria, offering an integrated suite of financial solutions encompassing Financial Intermediation, Wholesale and Investment Banking, Asset and Securities Management, Trade Services, Cash Management, Transaction, and Digital Banking.</p>
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<p>The post <a href="/nova-merchant-bank-partners-with-ikoyi-club-golf-section-to-sponsor-the-2023-annual-nigerian-cup-golf-tournament/">NOVA Bank Partners with Ikoyi Club (Golf Section) to Sponsor the 2023 Annual Nigerian Cup Golf Tournament</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Uplifts 50 Young Lives Through Paediatric Surgical Intervention</title>
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		<pubDate>Fri, 29 Sep 2023 09:10:58 +0000</pubDate>
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					<description><![CDATA[<p>NOVA Bank, a leading merchant bank in Nigeria, has sponsored a Pediatric Surgical Intervention, as part of its 2023 Environmental, Social and Governance (ESG) program, specifically within its UPLIFT initiative project. This initiative, conducted in partnership with the Association of Paediatric Surgeons of Nigeria (APSON), positively impacted 50 indigent child patients at Lagos State University</p>
<p>The post <a href="/nova-merchant-bank-uplifts-50-young-lives-through-paediatric-surgical-intervention/">NOVA Bank Uplifts 50 Young Lives Through Paediatric Surgical Intervention</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>NOVA Bank, a leading merchant bank in Nigeria, has sponsored a Pediatric Surgical Intervention, as part of its 2023 Environmental, Social and Governance (ESG) program, specifically within its UPLIFT initiative project.</p>
<p>This initiative, conducted in partnership with the Association of Paediatric Surgeons of Nigeria (APSON), positively impacted 50 indigent child patients at Lagos State University Teaching Hospital (LASUTH) on Monday, September 18, 2023.</p>
<p>APSON is the umbrella body of all Paediatric Surgeons in Nigeria engaged in the treatment of surgical issues in children, the education and training of specialists in Pediatric surgery, and the enhancement and preservation of the high standards and quality of surgical care provided to children.</p>
<p>This collaboration exemplifies NOVA’s unwavering commitment to community development and its dedication to impacting lives through its UPLIFT Initiative projects aimed at creating “Today’s solution for tomorrow’s sustainability (UPLIFT).”</p>
<p>Speaking on the motivation behind NOVA’s intervention, Mr Nath Ude, Managing Director of NOVA Bank, said, “NOVA envisions a future in which millions of people have free or low-cost access to healthcare and where unnecessary pain caused by preventable illnesses and untimely fatalities can be mitigated. This intervention is a stride towards achieving this vision.” He added that, “No child should be deprived of their promising future due to a lack of healthcare accessibility” noting that the impact of this project will echo through lifetimes to come.</p>
<p>Emphasizing the pivotal role of NOVA’s intervention, the President of APSON, Professor Roland Osuoji, said, “In the past year, Lagos state heavily subsidized paediatric operations for children between the ages 0-12 which have resulted in a growing waiting list, stretching until 2025.” He added that, “This initiative not only reduces the backlog but also saves lives and offers hope to these deserving families.</p>
<p>Commenting on the patient selection process, Dr Omolara Williams, the Local Organizing Committee Chairman of the medical outreach, said, “We surveyed our group of patients from our database and pinpointed those who were on the waiting list due to financial constraints. We made every effort to contact as many of them as possible, and as a result, we now have patients ranging from 1 to 14 years old who will receive treatment for their pediatric conditions through this intervention.” She further emphasized the need for continued regional and national initiatives like this to bridge the gap in paediatric surgical care accessibility.</p>
<p>Expressing appreciation for NOVA’s intervention, the LASUTH Chief Medical Director (CMD), Prof Adetokunbo O. Fabamwo, said, &#8220;This collaboration reflects a shared vision of a healthier and brighter future for children in Nigeria.&#8221; He noted that this meaningful impact is not just mending bodies but also building dreams.</p>
<p>NOVA Bank Limited is an investment grade-rated merchant bank in Nigeria, offering an integrated suite of financial solutions encompassing Financial Intermediation, Wholesale and Investment Banking, Asset and Securities Management, Trade Services, Cash Management, Transaction, and Digital Banking.</p>
<p>The post <a href="/nova-merchant-bank-uplifts-50-young-lives-through-paediatric-surgical-intervention/">NOVA Bank Uplifts 50 Young Lives Through Paediatric Surgical Intervention</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Receives Shareholders Nod for Full Commercial Banking License.</title>
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		<pubDate>Thu, 20 Jul 2023 17:36:26 +0000</pubDate>
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					<description><![CDATA[<p>NOVA Bank has received approval from its shareholders to transition into commercial banking license. The shareholders gave their unanimous approval during the company’s 6th Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and build upon its growth legacy. At the meeting, the company’s Board of Directors</p>
<p>The post <a href="/nova-merchant-bank-receives-shareholders-nod-for-full-commercial-banking-license/">NOVA Bank Receives Shareholders Nod for Full Commercial Banking License.</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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										<content:encoded><![CDATA[<p>NOVA Bank has received approval from its shareholders to transition into commercial banking license.</p>
<p>The shareholders gave their unanimous approval during the company’s 6<sup>th</sup> Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and build upon its growth legacy.</p>
<p>At the meeting, the company’s Board of Directors took time to unveil their comprehensive restructuring plans on how the bank will transition from a merchant bank to a commercial banking license.</p>
<p>The Chairman, NOVA Bank, Mr. Phillips Oduoza, who addressed shareholders at the meeting, explained that the decision to transition will help the bank to further streamline its operations, bolster its financial stability, and foster sustainable growth across its businesses.</p>
<p>He said, “I am excited about the prospects of NOVA as we embark on this new growth phase. This strategic move is in line with our vision of expanding operations and diversifying services while providing exceptional services to our valued customers.</p>
<p>Continuing, he said, “The Management of the Bank has firmly established a remarkable legacy of growth since its inception and has consistently demonstrated its ability to achieve substantial progress across various parameters and the commercial banking license will strengthen the Bank’s revenue base, entrench value creation, impact earnings growth and sustain higher returns for the shareholders, while affording more banking customers across the nation the opportunity to enjoy the products and services of NOVA Bank.”</p>
<p>Expounding on this, NOVA’s Managing Director, Mr. Nath Ude, said, that with the new license, the bank is poised to extend its comprehensive range of financial services throughout Nigeria and cement its position as a leading player in the Nigerian banking industry.</p>
<p>“The resounding approval from the shareholders for the transition to a commercial bank reflects their confidence in NOVA’s ability to thrive in the evolving financial landscape. The Bank remains resolute in its pursuit of sustainable growth, while continuing to provide its customers with innovative financial solutions. As we transition into a commercial bank, NOVA aims to expand its services and further enhance its position as a trusted provider of cutting-edge financial solutions in Nigeria,” the MD stated.</p>
<p>Ude restated the bank’s commitment to continue to invest in new technologies, including our robust digital platform, to create exceptional service experience for its customers.</p>
<p>Shareholders also ratified the bank’s result for the full year ended December 31, 2022, where the bank recorded outstanding performance and significant growth across all its indicators on the back of innovative offerings and exceptional customer service.</p>
<p>Specifically, total assets grew by 14.6% to close 2022 at N279.9bn up from N244.2bn recorded the previous year; while profit before tax rose significantly by 107.9 per cent to close the year 2022 at  N3.50bn. Profit after tax also recorded a similar feat, as it  jumped from N1.58bn in 2021 to N3.21bn in the year under  consideration, representing an impressive growth of 102.9%.</p>
<p>NOVA Bank Limited is an investment grade rated merchant bank in Nigeria that offers an integrated suite of financial solutions covering Financial Intermediation, Wholesale and Investment Banking, Asset and Securities Management, Trade Services, Cash Management, Transaction and Digital Banking. The bank will announce a new name to reflect this strategic change in its banking licence.</p>
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<p>The post <a href="/nova-merchant-bank-receives-shareholders-nod-for-full-commercial-banking-license/">NOVA Bank Receives Shareholders Nod for Full Commercial Banking License.</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Doubles Earnings, Reflecting Exceptional Service, Innovative Offerings</title>
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		<pubDate>Mon, 17 Apr 2023 09:17:07 +0000</pubDate>
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					<description><![CDATA[<p>NOVA Bank Limited has announced its audited results for the full year ended December 31, 2022, showing outstanding performance and significant growth across all its indicators on the back of innovative offerings and exceptional customer service. Notably, the Group continues to gain market share, a reflection of its steady penetration across key growth sectors, as</p>
<p>The post <a href="/nova-doubles-earnings-by-108-reflecting-exceptional-service-and-innovative-offerings/">NOVA Bank Doubles Earnings, Reflecting Exceptional Service, Innovative Offerings</a> appeared first on <a href="/">NOVA Bank</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>NOVA Bank Limited has announced its audited results for the full year ended December 31, 2022, showing outstanding performance and significant growth across all its indicators on the back of innovative offerings and exceptional customer service.</p>
<p>Notably, the Group continues to gain market share, a reflection of its steady penetration across key growth sectors, as reflected in the 30 per cent growth in customer deposits; which rose from N116.9bn at the end of 2021, to close the year 2022 at N152.01bn.</p>
<p>Total assets grew by 14.6% to close 2022 at N279.9bn up from N244.2bn recorded the previous year; while profit before tax rose significantly by 107.9 per cent to close the year 2022 at N3.50bn. Profit after tax also recorded a similar feat, as it jumped from N1.58bn in 2021 to N3.21bn in the year under consideration, representing an impressive leap by 102.9%.</p>
<p>The merchant bank also recorded a 37.01 per cent year-on-year growth in its gross earnings, rising from N17.03bn in 2021, to close at N23.34bn at the end of 2022, just as fees and other income rose by 34.9 per cent to N6.70bn in 2022, up from N4.96bn recorded the year before.</p>
<p>The result also showed that asset quality remains exceptional, with Non-Performing Loan ratio of 0.2%, underscoring the best-in-class governance and management discipline in creating quality assets and ensuring effective risk management, while Capital adequacy ratio stands at 23.24%, which represents over twice the minimum regulatory requirement, reinforcing the strength of the balance sheet and headroom for sustainable growth.</p>
<p>Commenting on the results and broader achievements of the Group, the Chairman of the Board, Mr. Phillips Oduoza, said: “It is exciting that we continue to sustain this remarkable growth trajectory since inception, leveraging on innovative offerings and customer service excellence in deepening market penetration and continuously gaining market share across all segments of the business.</p>
<p>Furthermore, he said, “We are dedicated to the success of our customers and would continue to support our HNI clients through their financial life cycle, as well as through our wealth management offerings and advisory services. We would remain trusted partners to our corporate clients, supporting them through our tailored offerings that optimize their financial outcomes. It is our commitment to continuously lead new thinking and unlock new opportunities for the mutual prosperity of customers and our business.”</p>
<p>Speaking on some of the Group’s plans for 2023, the Managing Director/Chief Executive Officer, Mr. Nath Ude, said; “I am pleased that the loyalty of our clients does not only spur our business growth; it also reinforces our earnings growth and sustainability.</p>
<p>“We will continue to invest in new technologies, including our robust digital platform, to create exceptional service experience for our customers. Nova Merchant Bank is a positive disruptor and would continue to lead innovation and investments in technology and risk management practices that revolutionize financial services in Nigeria, as we remain focused on unlocking new opportunities for our esteemed clients,” he stated.</p>
<p>NOVA Bank Limited is an investment grade rated merchant bank in Nigeria that offers an integrated suite of financial solutions covering Financial Intermediation, Wholesale and Investment Banking, Asset and Securities Management, Trade Services, Cash Management, Transaction and Digital Banking.</p>
<p>The post <a href="/nova-doubles-earnings-by-108-reflecting-exceptional-service-and-innovative-offerings/">NOVA Bank Doubles Earnings, Reflecting Exceptional Service, Innovative Offerings</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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		<title>NOVA Bank Pledges Support to Women Embracing Technology in Nigeria</title>
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		<pubDate>Thu, 16 Mar 2023 08:45:54 +0000</pubDate>
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					<description><![CDATA[<p>NOVA Bank, the leading Bank in Nigeria, has pledged to promote gender equality by supporting women who embrace technology skills, especially in our ever-evolving world. This commitment was made during the 2023 NOVA International Women’s Day (IWD) conference held recently, at the Bank’s headquarters in Lagos. The IWD conference is part of the Bank’s women</p>
<p>The post <a href="/nova-merchant-bank-pledges-support-to-women-embracing-technology-in-nigeria/">NOVA Bank Pledges Support to Women Embracing Technology in Nigeria</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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										<content:encoded><![CDATA[<p><strong>NOVA Bank, the leading Bank in Nigeria, has pledged to promote gender equality by supporting women who embrace technology skills, especially in our ever-evolving world.</strong></p>
<p>This commitment was made during the 2023 NOVA International Women’s Day (IWD) conference held recently, at the Bank’s headquarters in Lagos.</p>
<p>The IWD conference is part of the Bank’s women empowerment initiative which began in 2020, where women in NOVA converge to discuss gender equality issues and proffer solutions.</p>
<p>This year’s event featured prominent women who have distinguished themselves in their industries by leveraging technology and innovative solutions to drive value in Nigeria and Africa in line with the global theme, DigitALL: Innovation and Technology for gender equality.</p>
<p>The Chief-Host and Executive Director of NOVA Bank, Mrs. Funke Okoya who welcomed participants at the conference, said, “Given the country’s transition to cashless policy, NOVA believes that women can play a significant role in providing innovative ideas to capitalise on the benefits of this disruption by leveraging innovation and technology.” She added that NOVA will continue to push for the capacity development of women in Nigeria in tech and drive initiatives that advance women’s cause.</p>
<p>The Chief Information Officer, NOVA Bank, Mrs Mabel Irona-Nduka, reiterated the Bank’s stance on female empowerment, adding, “NOVA will continue to lead the many voices committed to women empowerment by making deliberate efforts to close the gender gap in traditionally male dominated roles like information Technology and most especially, at leadership levels.</p>
<p>Guest Speaker at the event, Dr Ola Brown who is the Founding Partner, Health Cap Africa said, “Having tech savvy women in leadership roles means making more profits especially in a hyper-competitive industry such as banking where we must leverage and utilize all legitimate and innovative alternatives to optimize profit irrespective of gender, and this is where embracing equity is important.”</p>
<p>Brown emphasised the need for women to believe in themselves as competent enough to advocate for quotas in all areas, including technology, politics, and their careers.</p>
<p>In her own submission, the Managing Director/CEO, Digital Jewels Africa, Mrs, Adedoyin Odunfa who spoke on protecting the rights of women and girls in the digital space, said, &#8220;50 percent of women online have suffered some form of online violence and harassment from the responses and nuances.” She noted that it is critical to teach women and girls digital skills and how to deal with online violence, and also put policies in place to protect women&#8217;s rights in the digital space.&#8221;</p>
<p>NOVA Bank Limited is an investment grade rated bank in Nigeria that offers an integrated suite of financial solutions covering Financial Intermediation, Corporate and Investment Banking, Asset, and Securities Management, Trade Services, Cash Management, Transaction, and Digital Banking.</p>
<p>The post <a href="/nova-merchant-bank-pledges-support-to-women-embracing-technology-in-nigeria/">NOVA Bank Pledges Support to Women Embracing Technology in Nigeria</a> appeared first on <a href="/">NOVA Bank</a>.</p>
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