NIBSS Propeller

• NIBSS propels inter-bank funds transfer and settlement services for the Nigeria financial system through provision of infrastructure for automated funds transfer and settlement for Banks, Capital Market and Card Companies.
• Automated funds transfer services are engendered through:
• NIBSS Electronic Funds Transfer
• NIBSS Automated Bulk Clearing Services i.e. Automated Direct Debit and Automated Direct Credits
• NIBSS Instant Payments
• e-Dividend Processor
• Settlement Operations enabled payment finality through direct credit or debit of current accounts of banks and bankers to the card schemes operating in Nigeria as well as banks operating on the floor of the Nigerian Stock Exchange.