Company Information

Get to know Nigeria Inter-Bank Settlement System

Incorporated in 1993 and owned by all licensed banks in Nigeria including the Central Bank of Nigeria (CBN), the Nigeria Inter-Bank Settlement System Plc (NIBSS) serves as the country's shared-services infrastructure for handling inter-bank payments and removing potential payment hurdles. NIBSS is responsible for critical national financial infrastructure such as the NIBSS Instant Payments (NIP) system, the Bank Verification Number (BVN) project, and the automated clearing house system, thereby ensuring the stability and efficiency of Nigeria's electronic payment ecosystem.

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Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

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Nigeria Inter-Bank Settlement System

Nigeria

Founded in

1993 (33 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.