NOVA Financial institution names Jude Anele Managing Director

NOVA Financial institution Restricted has introduced the appointment of Jude Anele as its Managing Director and Chief Government Officer following the approval of the Central Bank of Nigeria.

A press release from the financial institution on Sunday acknowledged that the appointment comes at a big stage within the financial institution’s growth, shortly after its transition from a service provider financial institution to a industrial financial institution and the profitable completion of its recapitalisation programme forward of the March 31, 2026, regulatory deadline.

Anele brings greater than 33 years of banking expertise spanning West and Central Africa, with experience overlaying retail and industrial banking, company banking, danger administration, institutional transformation, and government management. All through his profession, he has overseen complicated banking operations, strengthened governance frameworks, delivered sustainable income development, and constructed high-performing groups.

In response to the financial institution, the appointment underscores the Board’s strategic dedication to strengthening NOVA Financial institution’s industrial banking platform whereas accelerating development throughout its Company, Business, and Retail segments, in addition to key precedence markets.

Talking on his appointment, Anele mentioned he was honoured to imagine management of the financial institution at a defining stage in its development journey.

“Nova Financial institution has constructed a robust institutional basis outlined by regulatory compliance, capital power, disciplined governance, and a transparent industrial mandate.

Our focus now could be execution — deepening buyer relationships, increasing responsibly throughout precedence markets, strengthening danger self-discipline, and delivering sustainable worth to our shareholders,” he mentioned.

The Chairman of the financial institution, Phillips Oduoza, additionally expressed confidence within the new management.

“The Board is happy to welcome Mr Jude Anele as Managing Director and Chief Government Officer. His depth of expertise, strategic readability, and confirmed management file align strongly with NOVA Financial institution’s development ambitions,” Oduoza mentioned.

He added that with the financial institution’s recapitalisation accomplished forward of the regulatory deadline, the establishment is getting into a brand new part characterised by scale, stability, and structured growth.

NOVA Financial institution additionally confirmed that it has met the recapitalisation necessities set by the Central Bank of Nigeria forward of the regulatory deadline, reinforcing its capital adequacy and long-term monetary stability. The capital increase, supported by each new and current shareholders, has additional strengthened the financial institution’s steadiness sheet and positioned it for disciplined development.

In 2025, International Credit score Score reaffirmed NOVA Business Financial institution’s nationwide scale long- and short-term issuer scores of BBB(NG) and A3(NG) respectively, whereas Agusto & Co. reaffirmed the financial institution’s “Bbb” ranking with a steady outlook, reflecting its sturdy capital base, sound liquidity place, and resilient asset high quality relative to its danger profile.

The financial institution presently operates in Lagos, Abuja, Owerri, and Port Harcourt, with plans to ascertain eight extra branches throughout key industrial hubs in 2026 as a part of its growth technique.

The commissioning of the financial institution’s regional workplace in Owerri marked a significant milestone in its South-East and South-South development technique. The occasion drew authorities officers, enterprise leaders, and Nigerians within the diaspora and underscored NOVA Financial institution’s dedication to supporting enterprise growth and financial development.

NOVA Financial institution Restricted is a industrial financial institution licensed and controlled by the Central Bank of Nigeria. The establishment started operations in 2018 as a service provider financial institution earlier than transitioning to a industrial financial institution in 2024, providing retail, SME, company, and industrial banking companies by way of its Phygital mannequin—an built-in strategy that mixes bodily department presence with digital banking infrastructure.