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A technical deep dive into NIBSS, the infrastructure powering Nigerian payments

Nigeria’s financial ecosystem looks like a crowded maze of banks, fintechs, microfinance institutions, and agencies—but beneath the noise is one quiet force keeping everything running: NIBSS. If your product moves money, verifies identities, or talks to a bank, chances are it’s already riding on NIBSS rails. This guide breaks down what NIBSS does, how it works, and why every Nigerian fintech is built on its infrastructure—whether it realises it or not.