CBN Relaxes PoS Geo-Fencing Rules, Extends Compliance Deadline to August 2026
The Central Bank of Nigeria (CBN) has eased one of its key regulations governing Point of Sale (PoS) operations by ...
Tag: pos
CBN Policy Threatens Small Fintechs, PoS Operators Warn
Point of Sale (PoS) operators in Nigeria have voiced strong concerns over a new Central Bank of Nigeria (CBN) policy ...
CBN Imposes N5M Fine for Non-Compliant PoS Devices, Pushes Back Key Rules to 2026
In a move to bolster oversight in Nigeria's expanding digital payments landscape, the Central Bank of Nigeria (CBN) has rolled ...
Soaring Costs of PoS Terminals Reshape Nigeria’s Agency Banking Landscape
In Nigeria, the cost of Point-of-Sale (PoS) terminals has skyrocketed between 2023 and 2025, with price hikes ranging from 30% ...
POS Transactions Surge to N223 Trillion as ATM Usage Declines in Nigeria
Point of Sale (POS) terminals in Nigeria processed a staggering **N223.27 trillion** in transactions in 2024, more than double the ...
Mobile Money Transactions in Nigeria Soar to N71.5 Trillion in 2024
The latest data from the Nigeria Inter-Bank Settlement Systems (NIBSS) reveals a significant surge in mobile money transactions in 2024, ...
CBN Introduces N100,000 Daily Cash-Out Limit for POS Transactions
The Central Bank of Nigeria (CBN) has announced a new policy limiting cash-out transactions via Point of Sale (POS) agents ...
FG Impose Police to Plans Crackdown on Unregistered PoS Operators
The Federal Government has announced plans to crack down on unregistered Point-of-Sale (PoS) operators across the country as part of ...
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