Nova Merchant Bank Sort Code in Nigeria: Bank Code and Routing Guide
Nova Merchant Bank is a Nigerian merchant bank, and its payment information can appear in different formats depending on the banking or payment platform being used. This is why users searching for a “Nova Merchant Bank sort code” may encounter several different numbers online.
Nova Merchant Bank Bank Code
Current Nigerian payment references identify Nova Merchant Bank with institutional code 561 in one banking-code database, while another payment platform uses 060003.
These numbers should not automatically be described as the same thing as a nine-digit Nigerian sort code.
Why Nova Has Different Codes Online
Banking systems can maintain different identifiers for institutions. A payment service may have its own bank-code field, while another Nigerian payment network can use a different institutional identifier.
Therefore, the correct number depends on the payment system and the field being completed.
| Identifier | Example | Meaning |
|---|---|---|
| Institutional code | 561 | Appears in current Nigerian bank-code references |
| Payment-system code | 060003 | Used by a payment-system directory |
| Sort code | Nine-digit routing number | Domestic routing |
| SWIFT/BIC | Separate identifier | International transfers |
Is 561 the Nova Merchant Bank Sort Code?
No. It is not a complete nine-digit sort code.
Likewise, 060003 is a six-digit payment-system identifier and should not automatically be described as a nine-digit Nigerian sort code.
Nova Merchant Bank Address
NDIC currently lists Nova Merchant Bank Limited at 23 Kofo Abayomi Street, Victoria Island, Lagos, Nigeria.
This is useful when verifying the institution involved in a transaction, especially because Nova Merchant Bank should not be confused with other financial institutions using the Nova name.
Does Nova Merchant Bank Have a Nine-Digit Sort Code?
A reliable current universal branch-by-branch nine-digit Nova Merchant Bank sort-code directory was not established from the public sources reviewed.
For that reason, a nine-digit number should not be invented.
If your payment form requires a full sort code, obtain the applicable routing number from Nova Merchant Bank or from the official payment instruction.
Why Guessing a Sort Code Is Dangerous
A Nigerian sort code contains routing information. It is not simply an institution code followed by arbitrary numbers.
For example, taking 561 and adding six zeros would produce a nine-digit number, but that would not establish that the resulting number is a legitimate Nova Merchant Bank routing code.
The same principle applies to 060003.
Nova Merchant Bank for Local Payments
Most customers making ordinary Nigerian transfers may not need to manually enter a sort code. The banking platform can normally identify the receiving institution from the selected bank and account number.
Corporate and institutional systems can be different and may request more detailed routing information.
Nova Merchant Bank and International Payments
International transfers require international banking details. A domestic Nigerian sort code should not be used in place of a SWIFT/BIC identifier.
For international payments, obtain current beneficiary instructions directly from the receiving bank or account holder.
How to Verify Nova Merchant Bank Payment Details
- Confirm the beneficiary’s full name.
- Confirm the account number.
- Confirm Nova Merchant Bank is the receiving institution.
- Check whether the form asks for a bank code or sort code.
- Use the appropriate code for the payment system.
- Contact the bank if a nine-digit routing number is required but unavailable.
Common Mistakes
- Calling 561 a nine-digit sort code.
- Calling 060003 a nine-digit sort code.
- Combining codes from different payment systems.
- Inventing missing digits.
- Confusing sort code with SWIFT/BIC.
Frequently Asked Questions
What is Nova Merchant Bank’s bank code?
Current Nigerian banking references list 561, while another payment-system directory uses 060003. The applicable identifier depends on the payment system.
Is 561 the full sort code?
No. It is a short institutional identifier.
Is 060003 a full sort code?
No. It is a six-digit payment-system identifier and should not automatically be called a nine-digit Nigerian sort code.
Where is Nova Merchant Bank located?
NDIC currently lists Nova Merchant Bank at 23 Kofo Abayomi Street, Victoria Island, Lagos.
Conclusion
Nova Merchant Bank is a good example of why Nigerian banking-code information must be labelled accurately. 561 and 060003 are institutional or payment-system identifiers, not confirmed universal nine-digit sort codes. When a transaction requires a full sort code, obtain the exact routing information for that account from the bank or official payment instructions.