Home Lifestyle Nigeria Inter-Bank Settlement System (NIBSS) Salary Structure

Nigeria Inter-Bank Settlement System (NIBSS) Salary Structure


Nigeria Inter-Bank Settlement System (NIBSS) Salary Structure

The -Bank Settlement System Plc (NIBSS)
was set up in 1992 was by the decision of the Bankers Committee.

The aim of NIBBS is to drive and promote Electronic Payments across the Nigerian Financial Industry,facilitating payments finalities,streamlining Inter-bank payments and settlement.

NIBSS became functional in June 1994,it also developed art technologies to complement the CBN’s payment activities.

It also collaborates with all the top commercial Nigerian Banks,Payment Terminal Service Providers (PTSPs),Card schemes,Mobile Operators (MMO),Processors,Telecom Providers and other Payment Service providers in Nigeria.

NIBSS is owned by all the licensed Deposit Money Banks banks in Nigeria and the Bank of Nigeria (CBN).
NIBSS has continued to improve Electronic Payment in Nigeria.

Nigeria Inter-Bank Settlement System (NIBSS)

Q: How Much Does NIBSS Workers Earn Monthly?

The average estimated salary earned by new entry/graduate staff of NIBBS is between ₦200,000 – ₦ 300,000 per month after tax.

Higher ranking employees of NIBSS such as System IT Auditor can earn up to ₦ 15 million Naira monthly.


  • The information on this page is subject to change,figures stated here are only estimates and not 100% accurate.
  • Figures stated here represent net total amount with tax deductions.
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