On July 4, 2024, the bank received the Central Bank of Nigeria’s approval of its final licence to commence operations as a commercial bank.
The transition enabled NOVA to move beyond wholesale banking and tap into retail and SME markets, which are key growth drivers in Nigeria’s financial sector.
As a commercial bank, NOVA now offers retai
NOVA Bank’s transformation from a merchant bank to a full-service national commercial bank was a strategic shift that significantly boosted its financial performance in 2024 to the highest on record.
On July 4, 2024, the bank received the Central Bank of Nigeria’s approval of its final licence to commence operations as a commercial bank.
The transition enabled NOVA to move beyond wholesale banking and tap into retail and SME markets, which are key growth drivers in Nigeria’s financial sector.
As a commercial bank, NOVA now offers retai