Nova Bank Limited begins national commercial banking operations in Nigeria, authorized by the Central Bank.

Nova Bank Limited, formerly known as Nova Merchant Bank, has officially begun national commercial banking operations after receiving authorization from the Central Bank of Nigeria. The bank will open its first commercial banking branch in Victoria Island, Lagos, with plans to expand to Abuja, Port Harcourt, and Kano in the near future. Nova Bank's Chairman and Founder, Phillips Oduoza, emphasized the bank's commitment to customer focus and delivering exceptional service, introducing the innovative "PHYGITAL" model.

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