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Which companies just had a verified incident, who lends to them and who owns them. Every claim carries its evidence level and its source. How we decide what is confirmed

Global Financial Service Disruptions

Nigeria Central Switch (most likely NIBSS NIP)

clearing settlement · NG · Africa

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

Nigerian interbank transfers failed for Paystack from 30 Oct 20:16 UTC because of Central Switch downtime; the incident closed on 1 Nov 09:20 UTC, and Flutterwave separately reported NGN account-name verification unavailable. No operator statement found.

First disruption
Oct 30 20:16 UTC
First public signal
Oct 30 20:16 UTC (Paystack status page)
Acknowledged
Oct 30 20:16 UTC
Restored
Nov 1 09:20 UTC
Duration
37.1 hours
DFX first recorded
Nov 5 14:58 UTC

What was restricted

instant paymentstransfers intransfers outScope: country wide

Inward and outward transfers failing at Paystack; Flutterwave NGN recipient account verification unavailable until 31 Oct.

Cause, kept in separate layers

What the institution said
'Central Switch downtime'
DFX classification
Unexplained (cyber: unconfirmed)
Wording used
Downtime with the Central Switch
Conflicting reports
Prior register puts acute failures at about 13.4h (transfers succeeding again 31 Oct 09:40Z); 37.1h is the formal incident span.

Dependencies

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

  • Downstream: Flutterwave: NGN recipient account verification interrupted (documented)

Evidence

Other restrictions at Nigeria Central Switch (most likely NIBSS NIP)