NOVA Merchant Bank has been appointed as a designated collecting bank for import, excise and other duties by the Nigeria Customs Service.
A statement said this was in fulfilment of its commitment to constantly find new ways to serve its customers better.
It added that this would enable the bank to handle duty payments for its clients in addition to process and issue Customs bonds along with guarantees.
The Managing Director and Chief Executive Officer of the bank, Mr Anya Duroha, stated, “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.”
The Chairman, Mr Phillips Oduoza, stated, “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.”
NOVA Merchant Bank offered an integrated suite of financial solutions covering wholesale banking, investment banking, asset management, wealth management, trade services, transaction banking, cash management and digital banking, according to the statement.