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Global Financial Service Disruptions

Nigeria Central Switch (most likely NIBSS NIP; not named by source)

clearing settlement · NG · Africa · Nigeria Inter-Bank Settlement System Plc (probable)

UnexplainedStatus: resolvedTier 1Severity 3 of 5Evidence confidence: mediumAnalyst-verified

Paystack reported inward and outward Nigerian bank transfers failing because of downtime at the national Central Switch from 2 Oct 10:57 to 3 Oct 16:07 UTC (about 29 hours), and Mono reported NIBSS downtime hitting direct debits the same day. No NIBSS or CBN statement was found.

First disruption
Oct 2 10:57 UTC
First public signal
Oct 2 10:57 UTC (Paystack status page)
Acknowledged
Oct 2 10:57 UTC
Restored
Oct 3 16:07 UTC
Duration
29.2 hours
DFX first recorded
Nov 5 14:58 UTC

What was restricted

instant paymentstransfers intransfers outScope: country wide

Inward and outward bank transfers through Paystack failing; delayed transfers reconciled afterwards; Mono direct debit mandate creation, debits and disbursements erroring.

Cause, kept in separate layers

What the institution said
'Central Switch downtime' (Paystack); NIBSS downtime affecting direct debit mandates (Mono)
DFX classification
Unexplained (cyber: unconfirmed)
Wording used
Downtime with the Central Switch
Conflicting reports
Operator not named by Paystack; NIBSS identification is an inference supported by Mono. Duration is Paystack incident open-to-resolved, acute failure window may be shorter.

Dependencies

A dependency is a documented relationship. It is not evidence that the provider was compromised.

  • Downstream: Paystack: Transfers failing (documented)
  • Downstream: Mono: Direct debit and disbursement errors (documented)

Evidence