Nigeria Customers Frustrated as NIBSS Downtime Impacts Electronic Transactions Across Nigeria

Nigeria's Inter-Bank Settlement System (NIBSS) grapples with downtime, causing delays in electronic transactions. Fintech firms notify customers of disruptions, hindering bill payments and transfers. Issues affect NIBSS's instant payment platform, impacting transfers to Kuda accounts and other banks. Customers report delays across various banks like GTB and UBA.

Nigeria's Inter-Bank Settlement System (NIBSS) is encountering downtime, causing delays in electronic transactions across financial institutions. Fintech firms like Eversend and Kuda Bank have alerted customers about the disruptions, impacting simple transactions such as bill payments.

NIBSS, responsible for settling transfers between banks, is experiencing intermittent issues, affecting transfers to Kuda accounts and other banks. Customers of various banks, including Guaranteed Trust Bank (GTB) and United Bank for Africa (UBA), report delays in transactions, highlighting the widespread impact of NIBSS's downtime.