Nigeria Inter - Bank Settlement System PLC

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NIBSS is a shared service E-payment infrastructure company facilitating Electronic payment within the Nigerian payment space.

Nigeria Inter-Bank Settlement System (NIBSS) Plc was incorporated in 1993 and is owned by all licensed banks including the Central Bank of Nigeria (CBN) and discount houses. It commenced operations in June 1994. NIBSS has put in place modern world-class infrastructures for handling inter-bank payments in order to remove potential bottlenecks associated with inter-bank funds transfer and settlement. The company also operates the Nigeria Automated Clearing System (NACS) which facilitates the electronic clearing of cheques and other paper based instruments, electronic funds transfer, Automated Direct Credits and Automated Direct Debits. NIBSS at the instance of the Bankers’ committee has acquired cutting edge technologies for the operation of the Nigeria Central Switch (NCS).

01/10/2026

Happy Independence Day

22/09/2026

Bolanle Enigbokan, Head, Enterprise Support Services, NIBSS, was recognised by DERMALOG with a 10 Years Anniversary Appreciation Award for his dedication, enthusiasm and contribution to the success of Nigeria’s national Bank Verification Number (BVN) Project.

The recognition formed part of DERMALOG’s 10-year anniversary celebration, marking a decade of its engagement with the BVN initiative and recognising the contributions of individuals who supported its successful implementation.

It also highlights the value of collaboration in delivering initiatives that strengthen Nigeria’s financial identity infrastructure and support a more secure financial system.

15/09/2026

Nigeria’s data sovereignty agenda is moving closer to implementation, bringing important questions around infrastructure, data management, security and resilience to the forefront for financial institutions.

At the Nigeria’s Data Sovereignty – Executive Power Brunch, Oluseyi Adenmosun, Ag. Head, Technology and IT Services, represented NIBSS MD/CEO, Premier Oiwoh, as a panellist on the theme, “Implementing Nigeria’s Data Sovereignty Vision.” He highlighted the need for organisations to look beyond data localisation to the wider issues of infrastructure resilience, security, governance and operational readiness, while pointing to the role of locally developed payment infrastructure (NPS) in advancing Nigeria’s sovereignty objectives.

Convened by TechCabal Insights in partnership with AWS, the closed-door executive session brought together senior leaders across the financial and technology ecosystem to examine the practical implications of Nigeria’s data sovereignty requirements ahead of the January 1, 2027 compliance deadline.

08/09/2026

The Managing Director/CEO of Nigeria Inter-Bank Settlement System (NIBSS) Plc, Premier Oiwoh, received Dr. Bonaventure Okhaimo, FCIB, Managing Director/CEO of the National Credit Guarantee Company Limited (NCGC), joined by their respective
leadership teams, during a courtesy visit to the NIBSS Head Office in Lagos recently.

The engagement reflected a mutual recognition that deeper collaboration between NIBSS and NCGC is essential to advancing financial inclusion and economic growth.

Both parties expressed commitment to operational synergy that will enhance institutional capacity and support the seamless delivery of financial services in line with national development objectives.

28/08/2026

The future of financial services extends far beyond daily transactions, it is defined by the underlying policy, robust infrastructure, and continuous innovation shaping value exchange.

Unlocking what comes next requires examining these core forces alongside the leaders steering them. As Nigeria’s foremost payment infrastructure provider, we are proud to launch NIBSS DIGEST, a flagship pan-industry publication designed to bring these critical perspectives together into a single executive platform.

In this maiden edition, "𝘙𝘦𝘥𝘦𝘧𝘪𝘯𝘪𝘯𝘨 𝘵𝘩𝘦 𝘍𝘶𝘵𝘶𝘳𝘦 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴," we convene strategic insights from regulatory authorities, financial institution executives, fintech pioneers, and payment advocates across Nigeria, Africa, and global markets.

From deep dives into the Nigeria Payments System Vision (PSV) 2028 and sovereign payment rails to trust, interoperability, digital identity, and AI, this issue offers essential reading for everyone.

Explore the inaugural e-copy of NIBSS Digest here:
https://bit.ly/nibssdigest

27/08/2026

For financial inclusion to create lasting impact, women must be able to participate meaningfully in the economy.

This was at the heart of the “Her Economy” conversation at the 2nd National Gender Inclusion Conference, , held on 19–20 August 2026 at the Banquet Hall, Presidential Villa, Abuja, where Akwaugo Sylva-Ezemoka, Head, Banks 2 at Nigeria Inter-Bank Settlement System PLC, represented the MD/CEO as a panelist.

The discussion explored the role of data, technology and digital payments in creating more responsive financial solutions for women, while highlighting the need for privacy, responsible data use and reliable payment infrastructure to support inclusion at scale.

The conversation reinforced the importance of building financial systems that recognise the diverse realities of women and enable them to participate more fully in the economy.

11/08/2026

As AI becomes more deeply embedded in financial services, the real question is no longer whether to adopt it, but how to do so responsibly.

At Digital PayExpo 2026, Akinkunmi Ogunsola, Ag. Principal Architect at NIBSS, joined fellow industry leaders for a conversation on what responsible and inclusive digital finance should look like in practice.

From governance and trust to interoperability and financial inclusion, the session explored some of the opportunities and hard questions shaping the digital payments ecosystem.

06/08/2026

Looking back at CORE 1.0, the E-Business BackOffice Breakfast Forum hosted by Interswitch Group in Lagos, NIBSS Head of Operations, Ekeoma Chidi-Ugorji, joined industry leaders to discuss the critical role of back-office operations in driving efficiency, innovation, and resilience across Nigeria's payments ecosystem.

During the panel session, Ekeoma described operations as the heartbeat of every financial institution, emphasising that while technology powers payments, operations builds the trust that sustains them. The engagement reinforced the value of continuous industry dialogue, knowledge sharing, and collaboration in building a resilient, secure, and future-ready financial ecosystem.

03/08/2026

As artificial intelligence reshapes financial services, the conversation around compliance and fraud prevention has never been more critical.

Representing NIBSS, Oluwatosin Obadimu, Fraud Desk Manager, participated in the Adhere Compliance Frontline Forum 2026 – The Trust Frontier in Lagos, where Adhere and TechCabal unveiled The Compliance Reckoning: Regulating Financial Services in the Age of AI, a report examining the impact of AI on regulatory compliance and financial services.

The forum brought together industry experts to discuss emerging fraud risks, the evolving compliance landscape and the growing role of AI in strengthening regulatory oversight and financial crime prevention.

The engagement highlights the importance of proactive collaboration and innovation in strengthening fraud prevention and advancing a more secure digital financial ecosystem.

29/07/2026

CBN Director of Payments System Supervision Visits NIBSS HQ

On Thursday, 23 July 2026, NIBSS Plc hosted Dr. Rakiya Opemi Yusuf, Director, Payments System Supervision Department, Central Bank of Nigeria , at our Head Office in Lagos. She was received by Premier Oiwoh, MD/CEO, Nigeria Inter-Bank Settlement System PLC alongside other Executive Management staff.

The engagement focused on the implementation of PoS geo-tagging and geo-fencing, a CBN directive set to be full effect from August 1, 2026. NIBSS and the CBN reaffirmed a joint commitment to compliance, real-time monitoring, and the integrity of Nigeria’s payments ecosystem. As the national payments infrastructure, NIBSS remains committed to enabling a secure, transparent, and compliant digital economy.

Address

1230 Ahmadu Bello Way Victora Island
Lagos
101241

Telephone

0800ASKNIBSS

Website

http://www.nibss-plc.com.ng/

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