The Nigeria Inter Bank Settlement System (NIBSS) Plc has begun the rollout of the National Payment Stack (NPS), recording 26.55 million transactions valued at N1.4 trillion across 48 participating institutions. The NPS is a sovereign, ISO 20022 compliant digital infrastructure designed to succeed legacy NIBSS Instant Payment (NIP) system and modernise Nigeria’s financial ecosystem. The NPS unifies payments, identity, and data onto a single intelligent rail, the multi-currency architecture bridges transaction processing and payment intelligence while establishing robust cross-border capabilities. Other key early adopters driving network scale also include Guaranty Trust Bank, Sterling Bank, Access Bank and Moniepoint. Her statement reaffirms the apex bank’s mandatory and full regulatory support for the ISO 20022 standard in Nigeria’s payment system.