diff --git a/src/services/marketRate/coingeckoFetcher.ts b/src/services/marketRate/coingeckoFetcher.ts
index 6320a69..c039ae1 100644
--- a/src/services/marketRate/coingeckoFetcher.ts
+++ b/src/services/marketRate/coingeckoFetcher.ts
@@ -1,4 +1,5 @@
 import axios from "axios";
+import { OUTGOING_HTTP_TIMEOUT_MS } from "../../utils/httpTimeout.js";
 import { withRetry } from "../../utils/retryUtil.js";
 
 export class CoinGeckoFetcher {
@@ -11,7 +12,10 @@ export class CoinGeckoFetcher {
    */
   static async fetchXlmUsdPrice(): Promise<number> {
     const response = await withRetry(
-      () => axios.get(CoinGeckoFetcher.API_URL),
+      () =>
+        axios.get(CoinGeckoFetcher.API_URL, {
+          timeout: OUTGOING_HTTP_TIMEOUT_MS,
+        }),
       {
         maxRetries: 3,
         retryDelay: 1000,
diff --git a/src/services/marketRate/ghsFetcher.ts b/src/services/marketRate/ghsFetcher.ts
index 1252710..e656935 100644
--- a/src/services/marketRate/ghsFetcher.ts
+++ b/src/services/marketRate/ghsFetcher.ts
@@ -1,6 +1,7 @@
 import axios from 'axios';
 import { MarketRateFetcher, MarketRate } from './types';
 import { validatePrice } from './validation';
+import { OUTGOING_HTTP_TIMEOUT_MS } from '../../utils/httpTimeout.js';
 
 type CoinGeckoPriceResponse = {
   stellar?: {
@@ -42,7 +43,7 @@ export class GHSRateFetcher implements MarketRateFetcher {
         () => axios.get<CoinGeckoPriceResponse>(
           this.coinGeckoUrl,
           {
-            timeout: 10000,
+            timeout: OUTGOING_HTTP_TIMEOUT_MS,
             headers: {
               "User-Agent": "StellarFlow-Oracle/1.0",
             },
@@ -81,7 +82,7 @@ export class GHSRateFetcher implements MarketRateFetcher {
         () => axios.get<CoinGeckoPriceResponse>(
           this.coinGeckoUrl,
           {
-            timeout: 10000,
+            timeout: OUTGOING_HTTP_TIMEOUT_MS,
             headers: {
               "User-Agent": "StellarFlow-Oracle/1.0",
             },
@@ -100,7 +101,7 @@ export class GHSRateFetcher implements MarketRateFetcher {
           () => axios.get<ExchangeRateApiResponse>(
             this.usdToGhsUrl,
             {
-              timeout: 10000,
+              timeout: OUTGOING_HTTP_TIMEOUT_MS,
               headers: {
                 "User-Agent": "StellarFlow-Oracle/1.0",
               },
@@ -119,7 +120,7 @@ export class GHSRateFetcher implements MarketRateFetcher {
       const usdPrice = validatePrice(stellarPrice.usd);
 
       const exchangeRateResponse = await axios.get<ExchangeRateApiResponse>(this.usdToGhsUrl, {
-        timeout: 10000,
+        timeout: OUTGOING_HTTP_TIMEOUT_MS,
         headers: {
           "User-Agent": "StellarFlow-Oracle/1.0",
         },
diff --git a/src/services/marketRate/kesFetcher.ts b/src/services/marketRate/kesFetcher.ts
index 59b35bb..7a91126 100644
--- a/src/services/marketRate/kesFetcher.ts
+++ b/src/services/marketRate/kesFetcher.ts
@@ -1,6 +1,7 @@
 import axios from 'axios';
 import { MarketRateFetcher, MarketRate, RateSource } from './types';
 import { validatePrice } from './validation';
+import { OUTGOING_HTTP_TIMEOUT_MS } from '../../utils/httpTimeout.js';
 
 /**
  * Binance Ticker Response Interface
@@ -170,7 +171,7 @@ const BINANCE_P2P_URL =
 /**
  * Default timeout for API requests (ms)
  */
-const DEFAULT_TIMEOUT_MS = 8000;
+const DEFAULT_TIMEOUT_MS = OUTGOING_HTTP_TIMEOUT_MS;
 
 /**
  * Approximate KES/USD rate for calculation fallback
@@ -505,7 +506,7 @@ export class KESRateFetcher implements MarketRateFetcher {
     try {
       const response = await withRetry(
         () => axios.get(cbkSource.url, {
-          timeout: 10000,
+          timeout: OUTGOING_HTTP_TIMEOUT_MS,
           headers: {
             "User-Agent": "StellarFlow-Oracle/1.0",
             Accept: "application/json",
@@ -545,7 +546,7 @@ export class KESRateFetcher implements MarketRateFetcher {
     try {
       const response = await withRetry(
         () => axios.get(source.url, {
-          timeout: 10000,
+          timeout: OUTGOING_HTTP_TIMEOUT_MS,
           headers: {
             "User-Agent": "StellarFlow-Oracle/1.0",
             Accept: "application/json",
diff --git a/src/services/marketRate/ngnFetcher.ts b/src/services/marketRate/ngnFetcher.ts
index 92fd0eb..912f1de 100644
--- a/src/services/marketRate/ngnFetcher.ts
+++ b/src/services/marketRate/ngnFetcher.ts
@@ -1,4 +1,5 @@
 import axios from "axios";
+import { OUTGOING_HTTP_TIMEOUT_MS } from "../../utils/httpTimeout.js";
 import {
   MarketRateFetcher,
   MarketRate,
@@ -112,7 +113,7 @@ export class NGNRateFetcher implements MarketRateFetcher {
           `${this.vtpassBase()}/service-variations`,
           {
             params: { serviceID: serviceId },
-            timeout: 15000,
+            timeout: OUTGOING_HTTP_TIMEOUT_MS,
             headers: {
               ...headers,
               "User-Agent": "StellarFlow-Oracle/1.0",
@@ -147,7 +148,7 @@ export class NGNRateFetcher implements MarketRateFetcher {
         const coinGeckoResponse = await withRetry(
           () =>
             axios.get<CoinGeckoPriceResponse>(this.coinGeckoUrl, {
-              timeout: 10000,
+              timeout: OUTGOING_HTTP_TIMEOUT_MS,
               headers: {
                 "User-Agent": "StellarFlow-Oracle/1.0",
               },
@@ -178,7 +179,7 @@ export class NGNRateFetcher implements MarketRateFetcher {
       const coinGeckoResponse = await withRetry(
         () =>
           axios.get<CoinGeckoPriceResponse>(this.coinGeckoUrl, {
-            timeout: 10000,
+            timeout: OUTGOING_HTTP_TIMEOUT_MS,
             headers: {
               "User-Agent": "StellarFlow-Oracle/1.0",
             },
@@ -211,7 +212,7 @@ export class NGNRateFetcher implements MarketRateFetcher {
       const coinGeckoResponse = await withRetry(
         () =>
           axios.get<CoinGeckoPriceResponse>(this.coinGeckoUrl, {
-            timeout: 10000,
+            timeout: OUTGOING_HTTP_TIMEOUT_MS,
             headers: {
               "User-Agent": "StellarFlow-Oracle/1.0",
             },
@@ -228,7 +229,7 @@ export class NGNRateFetcher implements MarketRateFetcher {
         const fxResponse = await withRetry(
           () =>
             axios.get<ExchangeRateApiResponse>(this.usdToNgnUrl, {
-              timeout: 10000,
+              timeout: OUTGOING_HTTP_TIMEOUT_MS,
               headers: {
                 "User-Agent": "StellarFlow-Oracle/1.0",
               },
diff --git a/src/services/multiSigService.ts b/src/services/multiSigService.ts
index 203a5c5..dfd0744 100644
--- a/src/services/multiSigService.ts
+++ b/src/services/multiSigService.ts
@@ -1,6 +1,7 @@
 import prisma from "../lib/prisma";
 import { Keypair } from "@stellar/stellar-sdk";
 import dotenv from "dotenv";
+import { createTimeoutSignal } from "../utils/httpTimeout.js";
 
 dotenv.config();
 
@@ -205,6 +206,7 @@ export class MultiSigService {
           Authorization: `Bearer ${process.env.MULTI_SIG_AUTH_TOKEN || ""}`,
         },
         body: JSON.stringify(payload),
+        signal: createTimeoutSignal(),
       });
 
       if (!response.ok) {
diff --git a/src/services/webhook.ts b/src/services/webhook.ts
index 7537926..265e919 100644
--- a/src/services/webhook.ts
+++ b/src/services/webhook.ts
@@ -1,4 +1,5 @@
 import axios from "axios";
+import { OUTGOING_HTTP_TIMEOUT_MS } from "../utils/httpTimeout.js";
 import { withRetry } from "../utils/retryUtil.js";
 
 type MarkdownText = {
@@ -107,7 +108,7 @@ export class WebhookService {
         () =>
           axios.post(webhookUrl, message, {
             headers: { "Content-Type": "application/json" },
-            timeout: 5000,
+            timeout: OUTGOING_HTTP_TIMEOUT_MS,
           }),
         {
           maxRetries: 3,
diff --git a/src/utils/httpTimeout.ts b/src/utils/httpTimeout.ts
new file mode 100644
index 0000000..d4dd9ce
--- /dev/null
+++ b/src/utils/httpTimeout.ts
@@ -0,0 +1,5 @@
+export const OUTGOING_HTTP_TIMEOUT_MS = 5000;
+
+export function createTimeoutSignal(timeoutMs = OUTGOING_HTTP_TIMEOUT_MS): AbortSignal {
+  return AbortSignal.timeout(timeoutMs);
+}
diff --git a/src/utils/retryUtil.ts b/src/utils/retryUtil.ts
index 50b4086..6c72a9e 100644
--- a/src/utils/retryUtil.ts
+++ b/src/utils/retryUtil.ts
@@ -1,4 +1,5 @@
 import axios, { AxiosError, AxiosRequestConfig } from "axios";
+import { OUTGOING_HTTP_TIMEOUT_MS } from "./httpTimeout.js";
 
 /**
  * Retry configuration options
@@ -190,7 +191,10 @@ export function createRetryableAxiosInstance(
   axiosConfig: AxiosRequestConfig = {},
   retryConfig: RetryConfig = {}
 ) {
-  const instance = axios.create(axiosConfig);
+  const instance = axios.create({
+    timeout: OUTGOING_HTTP_TIMEOUT_MS,
+    ...axiosConfig,
+  });
 
   // Add response interceptor for retry logic
   instance.interceptors.response.use(