NIBSS

The NPS is not simply another payment platform. It represents NIBSS’ attempt to build the infrastructure for what payments in Nigeria will look like tomorrow.

May 10, (THEWILL) — Nigerian banks, fintech platforms, and customers are enjoying the advantages of strategic commitments made by the Nigeria Inter-Bank Settlement System (NIBSS) in developing a world-class e-payment system. NIBSS is a shared service payment infrastructure company that...

March 22, (THEWILL) — Nigerian banks are preparing for a new phase of growth that is expected to arise from the two-year recapitalisation process as the deadline of March 31, 2026 approaches. The post-recapitalisation phase will subject banks to...

March 17, (THEWILL) — Nigeria’s payment system has experienced dramatic growth over the past decade, driven by regulatory reforms from the Central Bank of Nigeria (CBN) and technological innovation by the Nigeria Inter‑Bank Settlement System (NIBSS). The backbone of the...

March 01, (THEWILL) — A recent case study conducted by Moniepoint has uncovered the growing prevalence of electronic transfers as a payment method throughout both urban and rural areas of Nigeria, while cash transactions are gradually fading away. This...

January 25, (THEWILL) — Digital infrastructure is essential for the successful execution of Nigeria's tax reform laws, as the entire process is fundamentally driven by technology. Consequently, the significance of the Nigeria Inter-Bank Settlement System (NIBSS), the entity tasked...

January 21, (THEWILL) — Nigeria’s digital banking success story is often told through the lens of apps, fintech innovation, and transaction volumes. But beneath the technology lies a less glamorous, yet far more important achievement - the rebuilding...

December 24, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has entered into a strategic partnership with the Nigeria Inter-Bank Settlement System (NIBSS) to accelerate the reimbursement of depositors in the event of bank failures. The collaboration is aimed...

December 21, (THEWILL) — The renewed vigour by financial technology (fintech) firms to penetrate the nooks and crannies of Nigeria, especially the countryside, has tremendously reconfigured the nation’s payment system. And this has a far-reaching impact on the economy...

November 23, (THEWILL) — Recently, the global economy has focused on the Nigeria Inter-Bank Settlement System (NIBSS). This attention stems from the energy and dedication the organisation has shown in promoting the digital payment system across Africa. NIBSS offers the...