• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nova Merchant Bank lists N50bn commercial paper

Nova

The Matters Press by The Matters Press
February 10, 2022
Reading Time: 2 mins read
0
Nova Merchant Bank lists N50bn commercial paper

The Managing Director, NOVA Merchant Bank, Mr Nath Ude, says FMDQ Securities Exchange Ltd has approved the registration the bank’s N50 billion Commercial Paper (CP) Programme on its platform.

RELATED POSTS

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

This is contained in a statement by FMDQ Securities Exchange on Wednesday in Lagos.
According to the statement, the approval came after due diligence of its Board Listings and Markets Committee.

It explained that NOVA Merchant Bank would benefit from the transaction by gaining access to a wide range of knowledgeable and capitalised investors with the registration of its CP programme and subsequent quotation of CP notes on FMDQ Exchange.

“The successful listing of our N50 billion CP Programme on the FMDQ platform further gives credence to NOVA Merchant Bank’s beliefs in the Nigerian debt capital market.

“It puts the Bank in a position to broaden its potential funding sources and create superior value in the financial market which it serves.

“This comes after the successful listing of our N10 billion bonds on the FMDQ Exchange, which was oversubscribed by 300 per cent in 2021.

“We remain driven by our aspiration to transform the African financial services landscape with fresh thinking and innovative solutions,” Ude said.

He added that NOVA Merchant Bank provided end-to-end financial services solutions covering corporate banking, investment banking, advisory, capital markets, and wealth & asset management.

“The registration of this CP Programme, which is co-sponsored by EAC Advisory Ltd., FSDH Capital Ltd., United Capital Plc. and Renaissance Securities (Nigeria) Limited, Registration Members (Quotations) of the Exchange.

“It strategically positions Nova Merchant Bank to raise short-term finance from the Nigerian debt capital markets (DCM) easily, through CP issues within its CP Programme and quote same on FMDQ Exchange for visibility of the issue and desired transparency for the investors,” Ude stated.

FMDQ Group is an integrated financial market infrastructure group, which provides registration, listing, quotation and noting services; integrated trading, clearing and central counterparty, settlement, and risk management for financial market transactions among others.

Tags: Nova
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Salvaging basic education from ruins of Boko Haram war in Borno
Economy/Technology

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

July 3, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

July 1, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Next Post
NERC declares meters free under mass scheme

AEDC resumes the Meter Asset Provider scheme

NIPC begins validation of investors’ readiness to invest in Nigeria

NIPC begins validation of investors’ readiness to invest in Nigeria

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Equities market sustains bullish trend on Tier-1 stocks

May 10, 2023
Consumer commission, CBN, EFCC investigate violations in money lending

Expert suggests change in rates as CBN holds 2-day MPC meeting

July 18, 2022
CBN reports drastic decrease in rice import

Labana’s expansion to West African Countries excites rice farmers

December 26, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen
  • Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF
  • Transformational in FCT in line with Tinubu’s Renewed Hope agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us