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Nova Bank begins operation as national commercial bank

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NOVA Bank Limited, formerly known as NOVA Merchant Bank, says it has officially commenced operations as a national commercial bank.

The development came after the Central Bank of Nigeria (CBN) approved “a final licence”, allowing the bank to operate as a national commercial bank.

In January, the bank had announced its readiness to transition to a full commercial banking business.

Speaking on its latest move in a statement on Wednesday, NOVA said it has opened its first commercial banking branch in Victoria Island (VI), Lagos, adding that there will be more branches in the state as well as Abuja, Port Harcourt, and Kano.

Speaking on the milestone, Phillips Oduoza, chairman and founder of NOVA Bank, emphasised the firm’s unwavering commitment to its customers and exceptional service delivery.

“We are pleased to continue our tradition of excellence established as a merchant bank and further extend the banking experience to the retail end of the market,” Oduoza said.

“As we expand our services, we remain dedicated to delivering an unparalleled banking experience that seamlessly integrates the physical and digital realms.

“Our trademarked PHYGITAL experience combines a select number of strategically located physical branches with high-tech, seamless digital banking capabilities, ensuring that our customers receive the best of both worlds.”

Oduoza said the approach allows the bank to provide personalised and in-person service, while also offering the convenience and efficiency of cutting-edge digital solutions.

On his part, Wale Oyedeji, managing director and chief executive officer (CEO) of NOVA Bank, said the organisation has been instrumental in the success of leading corporations and high-net-worth individuals for over half a decade, providing customised solutions to meet their unique business needs.

“As we evolve to serve a broader customer base, we remain committed to delivering innovative services, building on our legacy as a leading Merchant Bank,” he said.

Oyedeji said the bank plans to enhance financial inclusion, provide secure banking solutions, and boost the small and medium-sized enterprises (SMEs) market as a key economic driver, through disruptive digital products and services.

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NCAA issues aerodrome certification for Lagos, Abuja international airports

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The Nigeria Civil Aviation Authority (NCAA) has issued Aerodrome Certification for Murtala Muhammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja.

This recertification is a significant achievement, highlighting the ongoing improvements in the safety standards of Nigeria’s international airports.

The announcement was conveyed via a post on the official X (formerly Twitter) account of the Federal Airports Authority of Nigeria (FAAN) on Friday.

The Aerodrome Certificates were formally presented to the Managing Director/Chief Executive of FAAN, Mrs. Olubunmi Kuku, by the Acting Director General of the NCAA, Capt. Chris Najomo.

“@NigeriaCAA just issued Aerodrome Certification for the Murtala Muhammed International Airport Lagos and the Nnamdi Azikiwe Airport Abuja. The recertification is a major boost and attestation to the continued improvements of the safety standard of our Airports,” the tweet read in part.

The certification confirms that Lagos and Abuja airports adhere to the strict safety, operational, and technical standards of the International Civil Aviation Organization (ICAO). This milestone is anticipated to enhance trust among domestic and international airlines, strengthening Nigeria’s standing in global aviation.

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Lagos state government plans traffic diversion in Ikeja for 10km Capital City Race today

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The Lagos State Government has announced plans for a traffic diversion to accommodate the 10km Capital City Race scheduled for Saturday, November 23, 2024.

The race, which runs between 5:00 AM and 11:00 AM, will affect several major roads in the Ikeja axis, requiring motorists to explore alternative routes during the event.

A statement published on the official X (formerly Twitter) account of the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, on Friday, highlighted the affected routes.

These include Shoprite Alausa, Billings Way, Kudirat Abiola Way, Opebi Link Bridge, Allen Avenue, Adeniyi Jones, and Oba Akran Avenue.

The race will conclude at the Police College Sports Secretariat/Gym. Junctions and intersections along these roads will be temporarily blocked and manned by officials from the Lagos State Traffic Management Authority (LASTMA), the Nigeria Police Force (NPF), the Federal Road Safety Corps (FRSC), and the Lagos State Neighborhood Corps (LSNC) to ensure a smooth event.

“The Lagos State Government has announced that traffic will be diverted to accommodate the maiden edition of the 10-kilometer Capital City Race between 5:00 am and 11.00 am tomorrow Saturday,  23rd November,  2024. 

“To this end, the following route starting from; Shoprite Alausa Ikeja inwards Billings Way to Kudirat Abiola Way, Opebi Link Bridge, Opebi Glo Tower inward Allen Avenue, Allen Junction, GTBank on Adeniyi Jones,  AP Filling Station on Oba Akran Avenue, Samsung Authorized Service Centre to Police College Sports Secretariat/Gym will be partially closed off to vehicular movement. 

“Consequently, all junctions and intersections from Shoprite Alausa Ikeja to the destination (Police College Sports Secretariat/Gym) will be blocked with barriers, manned by LASTMA, NPF, FRSC, and LSNC to prevent other road users access to the main race corridor,” the statement read in part.

The Lagos State Commissioner for Transportation urged motorists to remain patient as the road closures are part of the traffic management plan for the event. He added that intersections will be intermittently reopened as the race progresses to minimize inconvenience for road users.

Motorists are advised to plan their movements accordingly and cooperate with traffic officials to ensure the success of the inaugural Capital City Race.

In addition to the planned traffic diversion in Ikeja for the 10km Capital City Race, other traffic diversions are currently in effect across Lagos to accommodate critical infrastructure projects.

The Lagos State Government recently announced a 15-month traffic diversion at Mile 2, which began on November 11, 2024, to facilitate the construction of the new Transport Interchange Terminal. This project aims to integrate rail, bus, water, and non-motorized transport, addressing the city’s growing transportation needs.

The diversion affects Loop 1 on the Apapa-bound lane and Loop 4 on the Badagry-bound lane and will last until February 16, 2026. Motorists are advised to use alternative routes, such as Akinwande Road for Badagry-bound traffic and Durban Road for Apapa-bound traffic, to ease congestion.

Additionally, a three-month traffic diversion on the Marine Bridge, outbound Apapa, commenced on Monday, November 18, 2024. This diversion, set to run until February 25, 2025, is to allow for urgent asphalt repairs overseen by the Federal Ministry of Works.

Motorists heading toward Lagos Island are advised to use the Eko Bridge via Costain Roundabout, while those heading to Ijora Causeway or Iddo can navigate through Ijora 7up or other designated routes.

These diversions are part of ongoing efforts by the Lagos State Government to improve transportation infrastructure while minimizing disruption for road users.

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Nigerians to pay for new multipurpose national ID card, says NIMC

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The National Identity Management Commission (NIMC) has announced that Nigerians will need to pay for the new multipurpose national identity card, citing limited government revenue as the primary reason for the decision.

Speaking during a two-day roundtable for journalists in Lagos, Dr. Peter Iwegbu, Head of Card Management Services at NIMC, said, “The payment is to ensure that the card is produced for only those who need it.”

He explained that this approach aims to avoid repeating past mistakes where physical cards were issued for free, but many were left uncollected.

“In the previous attempt to issue free National ID cards, over two million cards were produced, and many of them have not been collected till date,” he noted.

Dr. Iwegbu further stated, “The government’s limited revenue is also a major factor in the decision to make Nigerians pay for the new ID card.”

Adding to this, the Director of Information Technology at NIMC, Mr. Lanre Yusuf, said, “The idea of a free national ID card did not turn out well in the past.” He described the new ID card as a post-paid identity card, emphasizing that individuals must need the card before initiating a request for it.

“To get the new national ID card, Nigerians will need to make a payment, select a pickup location, and then collect their card from the chosen location,” Yusuf explained.

He also mentioned programs aimed at ensuring inclusivity: “The government has implemented programs to make the card accessible to less privileged Nigerians who cannot afford it but require it to access government support. This initiative demonstrates the government’s commitment to inclusivity and equality.”

Yusuf revealed that the multipurpose ID cards are set to launch soon, with sample test cards already received.

He added, “NIMC is working with banks across the country, which will make it possible for people to walk into any bank closest to them and request the card.”

He further highlighted the card’s functionality, stating, “The new national ID card is a multipurpose card that can serve the purpose of identity verification, payments, and even government services.”

The card, powered by AfriGO, was developed in partnership with the Central Bank of Nigeria and the Nigeria Interbank Settlement System.

It is designed to support government intervention programs and services across various ministries, departments, and agencies.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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