Frequently Asked Questions on Afrinvest Securities NIBSS E-Bills Pay

 

NIBSS introduced an electronic billing (E-Bills) system that allows instant online transfers through your bank. This platform was introduced for the purpose of making electronic payments e.g. bills, fees, premium, IGR, subscriptions to billers (Merchants like Afrinvest Securities Limited) by their customers.

 

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). 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 Debit.

 

The platform is very secure, and the verification process is additionally backed by the security process from your commercial bank i.e. a token verification and a security question. The funds are also securely transferred to beneficiaries.

 

Some of the benefits include:

  • Instant fund transfer to fund investments
  • Secure platform
  • Low transfer charges (standard N100.0 – N105.0/transaction) irrespective of the transfer volume
  • There is no minimum value that can be transferred on the platform

 

There is no maximum amount that can be transferred on the platform. However, a maximum of N100.0m (Hundred Million Naira Only) can be transferred in a tranche. Thus, if you intend to transfer N300.0m, you need to do 3 tranches of transfer.

 

Please find below the list of banks that currently have E-Bills payment on their online platform:

  1. Diamond Bank
  2. Ecobank
  3. First Bank
  4. Guaranty Trust Bank
  5. Stanbic IBTC
  6. Wema Bank
  7. Zenith Bank

Other banks are currently working on integrating with NIBSS

 

The range of Afrinvest Securities products currently available on the platform are as follows:

  1. Treasury Bills (T-Bills)
  2. Equities (Deposit for Shares)
  3. FGN Savings Bond
  4. FGN Bonds

You can buy any of these products immediately after fund transfer. The products are linked to our bank accounts.

 

Visit your bank’s online platform, click on NIBSS E-Bills payment and select/search Afrinvest Securities from the drop-down list of available merchants. Once this is done, you will be required to provide your Afrinvest Securities In-House Account Number, value/amount you intend to transfer and product.

NB: The E-Bills payment link location varies on different online bank portals.

 

Mobile banking apps are currently not enabled for E-Bills payment. It is only available on web online banking platforms.

 

Your in-house account number is sent in your welcome note once you create an account, However, you can get the number once you login to your Afrinvestor online trading platform www.afrinvestor.com

Alternatively, you can send us a live chat or leave an offline message anytime (click here) on our website or contact us via email [email protected]

 

Yes, third party payments can be made using the beneficiary’s Afrinvest Securities Account Number. For example, a parent can transfer to their kids’ Afrinvest account.

 

If the transaction fails, the fund transferred is reversed directly to your bank account.

 

Once payment is made, your Afrinvest account would be automatically credited for your preferred investment. Then, you can visit our online trading platform to BUY/SELL securities or contact your account officer. You can also send an email ([email protected]) if you wish to submit a subscription form/send a detailed instruction for your preferred investment.

 

Please contact your account officer or send an email to [email protected]

Lagos:  Adedoyin: +234 809 778 3100,   Bolaji: +234 812 175 903,   Vwede: +234 818 334 2612, Titilayo: +234 806 416 3665

Port Harcourt:  Taiwo: +234 808 718 4771

Abuja:  Bola: +234 909 504 1827