Capital 3 Limited is an Aggregator of the Nigeria Inter-Bank Settlement System (NIBSS) Plc.

Nigeria Inter-Bank Settlement System (NIBSS) Plc. was incorporated in 1993 and is owned by all licensed banks including the Central Bank of Nigeria (CBN). It commenced operations in June 1994. NIBSS has put in place modern world-class infrastructures for handling inter-bank payments in order to remove potential bottlenecks associated with inter-bank funds transfer and settlement.

The company also operates the Nigeria Automated Clearing System (NACS) which facilitates the electronic clearing of cheques and other paper based instruments, electronic funds transfer, Automated Direct Credits and Automated Direct Debits. NIBSS at the instance of the Bankers’ committee has acquired cutting edge technologies for the operation of the Nigeria Central Switch (NCS).

NIBSS Plc. was established with the following major objectives:

• To carry on business as a service-oriented institution that provides a mechanism for same day clearing and settlement of inter-bank transfers and payments
• To provide the infrastructure for the automated processing and settlement of transactions between banks
• To provide the framework for elevating the level of efficiency in funds transfer generally whilst at the same time reducing the risks associated with uncertainties in receiving value for payment and difficulties in maintaining efficient treasury operations and effecting timely reconciliation thereof
• To initiate and develop an integrated nationwide network for the electronic or paperless funds transfer and settlement of transactions, among others.

NIBSS serves as the Settlement Bank between Capital 3 Limited, Partners and Associates.

As NIBSS Aggregator, to us ‘Nothing’ works like ‘Trust and Credibility.’

For more information about NIBBS, please visit