---

NOVA Bank—formerly a merchant bank—now operates as a national commercial bank from Victoria Island, delivering phygital retail, SME and corporate services. NOVA Commercial Bank Limited—branded as NOVA Bank—evolved from NOVA Merchant Bank after securing Central Bank approval to commence operations as a National Commercial Bank in July 2024, opening its first commercial branch on Kofo Abayomi, Victoria Island, Lagos and subsequently rebranding in February 2025; the bank’s model emphasizes ‘phygital’ delivery that combines modern branches with advanced digital channels to serve individuals, SMEs and corporates with payments, savings, lending, trade services and cash-management; NOVA continues to scale its footprint and products while maintaining strong governance and cybersecurity standards and expanding access to convenient banking across key Nigerian cities. (Category:Commercial Banks)

---