Category Archives: NOVA Merchant bank

NOVA Merchant Bank Opens for Business, Promises New Ideas and Fresh Thinking

NOVA Merchant Bank Limited, a newly licensed merchant bank with a focus on wholesale banking, investment banking and asset management, formally opened its doors to the public on Thursday 1st of February 2018 at its corporate headquarters on 23 Kofo Abayomi Street Victoria Island, Lagos.

At an impressive ceremony attended by business leaders and industrialists, the Bank unveiled its objective to re-establish merchant banking as a key economic driver by providing long-term funds and advisory services. Speaking at the launch, the promoter of the Bank and its Chairman of the Board of Directors, Mr. Phillips Oduoza, says “Banking is changing globally with the emergence of new entrants and the infusion of nontraditional business models leveraging advances in technology.

We believe Nigeria should not be left behind. Therefore, NOVA is here to bring a new experience in the banking industry. That was why we selected the name, NOVA, which means new. We want to do new things.” Speaking further, Mr. Oduoza reaffirmed his belief that the number of merchant banks in Nigeria is still very low and there is opportunity for more, considering the key role merchant banks play. “The major international financial institutions involved in investment banking are doing very well. Today, we do not have any of such institutions in Nigeria and this is the space NOVA plans to occupy not only in Nigeria but across Africa.”

Dwelling on the strength of the new bank, Mr. Oduoza, who until recently was the GMD/CEO of a leading pan-African Bank, noted that NOVA is equipped with talented people and cutting-edge technology, necessary to deliver its mandate as a merchant bank. “We have structured our products and designed our business model around merchant banking. We have carved a niche for ourselves and we believe strongly we will deliver in this area,” he promised the customers.

On corporate governance, he assured the highest standards are maintained at NOVA. “There are three executive directors and six non-executive directors. So, we have twice the number of nonexecutive directors as executive directors. Out of those six directors, we have four independent directors. These board members are well accomplished and capable of independent opinion.” Declaring the Bank open, Alhaji Aliko Dangote, the Special Guest of Honour, commended the promoter of the Bank who he considered to be a thorough bred professional with a strong track record of achievements in the banking industry. He expressed his confidence in the quality of the board of directors of the Bank and the senior management team.

The Managing Director of the Bank, Chinedu Ikwudinma further explained the strategic direction of the Bank stating NOVA will focus on wholesale banking by offering trade services, project financing, cash management, corporate solutions, advisory services etc. In investment banking, the Bank would be looking at mergers and acquisition, advisory services, securities and trading, wealth and asset management as well as debt and equity capital management. Dignitaries at the event included Chief Executive Office of the Nigerian Stock Exchange Mr. Oscar Onyema, the Managing Director/CEO FMDQ Mr. Bola Onadele, Chairman of UBA Mr. Tony Elumelu and Chairman of Fidelity Bank Mr. Ernest Ebi amongst others.

Nova Asset Management Services

Nova Asset Management Services

At NOVA, we believe in the virtues of hardwork and understand the commitment and sacrifices our clients made to achieve their levels of success. We appreciate your quest not only to grow your wealth but to ensure it endures for future generations.

Our wealth management offerings are tailored to the investment goals and risk appetite of our clients. We will work with you to build and manage your portfolio to facilitate the achievement of your investment goals and aspirations.

Nova Merchant Bank Wealth Management

Nova Merchant Bank Wealth Management

At NOVA, we believe in the virtues of hardwork and understand the commitment and sacrifices our clients made to achieve their levels of success. We appreciate your quest not only to grow your wealth but to ensure it endures for future generations.

Our wealth management offerings are tailored to the investment goals and risk appetite of our clients. We will work with you to build and manage your portfolio to facilitate the achievement of your investment goals and aspirations.

WHAT YOU NEED TO KNOW ABOUT NOVA MERCHANT BANK LIMITED , LAGOS , NIGERIA.

WHAT YOU NEED TO KNOW ABOUT NOVA MERCHANT BANK LIMITED , LAGOS , NIGERIA.

Nova Merchant Bank Limited is a newly licensed merchant bank in Nigeria with a focus on wholesale and investment banking. It is privately owned by Nigerian and foreign institutional investors who have distinguished themselves in areas such as financial services and the real sector over several decades.

Our products and services cover Corporate Banking, Investment Banking, Advisory Services, Securities, Wealth & Asset Management. We target private and public sector clients in addition to private individuals. Specifically, we focus on the Oil & Gas sector, Commodity & Agricultural business, Utility & Infrastructure, Fast Moving Consumer Goods, Trade & Services and Financial Institutions.

We have a team of talented professionals to drive the next wave of banking revolution in financial services. We wish to re-establish merchant banking as a key economic driver by providing long-term funds and advisory services.

Our customers are at the heart of everything we do and our insight-data driven approach offers new perspectives to enable them win in the marketplace. We continuously create sustainable value for all our stakeholders and are focused on building a lasting legacy for future generations.

VISION

At NOVA, we are driven by our aspiration to transform the African financial services landscape with fresh thinking and innovative solutions. We believe in Africa’s promise and possess a deep conviction this will only be achieved with an appropriate blend of international best practices and deep knowledge of the peculiarities of the African operating environment.

Our Vision “To be Africa’s preferred financial solutions provider” is the culmination of this belief. We pride ourselves in our ability to work with our customers to co-create products and offer tailored solutions modeled on their needs

MISSION

“Creating superior value in the markets we serve” is our mission at NOVA. We are an Impact-driven organisation committed to delivering tangible results to all stakeholders. We are guided in the execution of our mission by our overarching philosophy of “New Thinking. New Opportunities”. Our fresh perspectives, insights and collaborative approach enables our customers to identify and capitalise on new opportunities in order to win in the market place.

OUR CORE VALUES

At NOVA, we believe in the power of the collective to enable us consistently surpass the expectations of our customers and other stakeholders. This belief is encapsulated in our core values represented by the acronym “UPLIFT” i.e.

  • Uniqueness: Discerning, insightful, distinctive
  • Passion: Drive, enthusiastic, customer focused
  • Leadership: Innovative, connected, result-oriented
  • Integrity: Ethical, reliable and trust-worthy
  • Fairness: Objective, humble, transparent
  • Teamwork: Collaborative, supportive, empathetic

We understand a result-oriented and collaborative culture is the underlying driver of consistent high performance. Our people and corporate culture reflect these values and gives us a firm foundation to consistently exceed your expectations.