October 17, 2017


To be a World-class Payments and Settlement Institution.

NIBSS Mission

To provide efficient technology-driven payment and settlement services for the financial system, relying on highly skilled and motivated workforce.

NIBSS Mandate

The scope of operation of NIBSS in the Nigerian financial sector is such that fulfills its mandate as enshrined in the company’s Memorandum and Article of Association i.e.

  • To carry on business as a service oriented institution that provides the mechanism for same day clearing and settlement of inter-bank transfers and payments;
  • To provide infrastructure for the automated processing and settlement of transactions between banks acting on their own account as regards deposit placements, Treasury Bills Transaction, naira settlement on inter-bank foreign exchange transactions;
  • To initiate and develop an integrated nationwide network for the electronic or paperless payments, funds transfer and settlement of transactions.
  • To provide framework for elevating the level of efficiency in funds transfer services generally.