POS
CBN Caps POS Agents’ Daily Limit at ₦1.2 Million in New Banking Guidelines
The Central Bank of Nigeria (CBN) has unveiled new operational guidelines for agent banking, introducing tighter regulations on transaction limits, reporting requirements, and...
CBN Orders Geo-Tagging of PoS Terminals, Sets October 20 Deadline for Compliance
The Central Bank of Nigeria (CBN) has rolled out a new directive that will drastically change the way Point of Sale (PoS) terminals...
GTBank Waives POS Fees for SMEs, Boosting Business Growth
Guaranty Trust Bank (GTBank) Limited has announced the elimination of processing fees on all its Point-of-Sale (POS) terminals, a move that will undoubtedly...
Nigeria PoS Transactions Surge to N18 Trillion in 2024: A Cash-Strapped Nation Turns to Digital
The digital payment ecosystem in Nigeria is witnessing a swift revolution, with Point of Sale (PoS) transactions surging to an unprecedented N18 trillion...
CBN Imposes N100,000 per Customer Daily Withdrawal Limit on PoS Terminals
The Central Bank of Nigeria (CBN) has imposed a daily withdrawal limit of N100,000 per customer on Point-of-Sale (PoS) terminals as part of...
BREAKING: CBN Orders Payment Providers to Start Tracking PoS Transaction
The Central Bank of Nigeria has ordered all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations...
60-Day Extension: POS Agents Get More Time to Register with CAC
The Corporate Affairs Commission (CAC) has announced an extension of the registration deadline for Point of Sales (POS) operators to September 5, 2024....
Shoprite Sales Girl In Court For Stealing N553.9m Using Her Own Personal POS
A sales girl with Shoprite stores, Mariam Mufutau has been arrested and arraigned before a Magistrate Court for allegedly stealing the sum of...