Business Hilights

Tracking Nigeria's Headline Business News Online

Nova MB 22
Banking/Investments

NOVA Merchant Bank now Duty Collecting bank for Nigeria Customs Service

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NOVA Merchant Bank has joined the league of Nigerian banks designated as collecting bank for Import, Excise and other duties by the Nigeria Customs Service (NCS).

The new status will among other thing, enable the Bank handle duty payments for its clients in addition to process and issue custom bonds along with guarantees on their behalf.

According to the MD/CEO, Mr. Anya Duroha, “We are excited about this appointment because it would enhance efficiency and improve turnaround time for duty payments and other services offered by the Nigerian Customs Service for our clients”.

NOVA MB
Sights and sounds at the launch of NOVA Merchant Bank in Lagos

“This development is in line with the commitment of the Bank to be a one-stop solution shop for all trade and financial needs of its clients. The Bank is positioned to provide end to end quality banking services to our clients. I commend the management for obtaining and delivering on this mandate within a short period of time” stated the Chairman, Mr Phillips Oduoza.

NOVA Merchant Bank offers an integrated suite of financial solutions covering Wholesale Banking, Investment Banking, Asset Management, Wealth Management, Trade Services, Transaction Banking, Cash Management and Digital Banking.

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