Browsing: NOVA Merchant Bank

Nigeria’s merchant banks have less than two years to shop for N230 billion to meet the recapitalization deadline set for first quarter of 2026.

An investment grade rated lender, NOVA Merchant Bank Limited, grew its profit before tax spiked by about 108% to N3.5 billion

The rising food inflation rate in Nigeria has become a pressure point, an aftermath effect of border closure

LDR: Preferred Sectors ‘Unserved’ as Private Sector Credit Rises ₦4.2tn

6.1% GDP Contraction: Dust Yet to Settle – Analysts. Amidst a 6.1% contraction in gross domestic products, analysts said they expect second round effects of the economic disruption in the form of massive layoffs in the formal sector, corporate defaults, tightening of financial conditions and weaker

CBN to Continue to Pressure Banks to Drive OMO Stop Rates Down. Nova Merchant Bank said it expects the Central Bank of Nigeria to continue to pressure banks to drive Open Market Operations (OMO) stop rates lower.

NOVA predicts NAFEX to hit ₦410 as dollar scarcity hinders repatriation. Nova Merchant Bank Limited has predicted that the Nigerian Autonomous Foreign Exchange rate could further weaken to N410 to a dollar.