Shareholders approve full commercialization of NOVA Merchant Bank

Bisola David
Bisola David
Shareholders approve full commercialization of NOVA Merchant Bank

NOVA Merchant Bank has announced that it has acquired shareholder approval to shift into commercial banking.

The bank continues to be in a strong position to maintain and build upon its growing record, the shareholders decided during the company’s 6th Annual General Meeting in Lagos.

In his remarks to the shareholders, the Chairman of NOVA Merchant Bank, Mr. Phillips Oduoza, said that the transfer will aid the bank in further streamlining its operations, enhancing its financial stability, and promoting sustainable growth throughout all of its businesses.

He declared, “I am optimistic about NOVA’s future as we enter this new growth phase. This tactical choice is consistent with our vision of expanding operations and diversifying services while providing exceptional services to our valued customers.

With the new license, the bank is ready to expand its wide range of financial services throughout Nigeria and solidify its position as a major player in the Nigerian banking sector, according to NOVA’s Managing Director, Mr. Nath Ude.

“The shareholders’ unanimous support for NOVA’s conversion to a commercial bank demonstrates their faith in the company’s capacity to succeed in the changing financial environment.

The MD noted: “The Bank is steadfast in its pursuit of sustainable growth and will keep offering its clients cutting-edge financial options. As we make the transition to being a commercial bank, NOVA wants to broaden its offerings and strengthen its reputation as a go-to source for innovative financial solutions in Nigeria.”

Ude reiterated the bank’s intention to keep making investments in new technologies, including our robust digital platform, to create exceptional service experiences for its customers.

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *