NOVA Bank commences operations as national commercial bank
NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a national commercial bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island.
This follows the Central Bank of Nigeria (CBN)’s approval of the final licence for the bank to commence operations as a national commercial bank.
Apart from the newly opened branch in VI, the bank announced that additional branches in Lagos, Abuja, Port Harcourt, and Kano, will follow shortly.
Speaking on the commencement of its commercial banking operations, Chairman and Founder of NOVA Bank, Mr Phillips Oduoza, emphasised the bank’s unwavering commitment to customer focus and delivering exceptional service.
He also seized the opportunity to introduce the innovative “PHYGITAL” model which, according to him, is a trademark of NOVA.
He said, “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.
The Managing Director/ CEO of NOVA Bank, Wale Oyedeji, said, “For over half a decade, NOVA has been instrumental to the success of leading corporations 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.”