The Central Bank of Nigeria (CBN) has directed Nigerian banks to set N100,000 per day as a withdrawal limit for customers on point-of-sale terminals nationwide amid cash scarcity. The apex
The Central Bank of Nigeria (CBN) has issued a directive to all Payment Service Providers to begin routing all transactions conducted through Point of Sale (PoS) terminals. It was gathered
The Corporate Affairs Commission (CAC) has vowed to commence shutting down Point of Sales (PoS) businesses that have failed to register their businesses as its September 5 deadline expired. In
Nigeria mandates 1.9 million Point of Sale (PoS) agents to register with the Corporate Affairs Commission (CAC) to curb rising fraud incidents, which accounted for 26.37% of cases in 2023.
The Federal Government, through the Federal Competition and Consumer Protection Commission, has issued a cease-and-desist order to Point of Sale operators from conduct that constitutes an infringement of the law.
The National Public Relations Officer, Association of Mobile Money and Bank Agents in Nigeria, Oluwasegun Elegbede, has said its members have no intention to revert to old prices charged for
Despite recent criticisms of plans to increase the price of service charges, the Association of Mobile Money and Bank Agents in Nigeria has said current economic conditions have not prompted
The Federal Competition and Consumer Protection Commission (FCCPC) says an investigation has been launched into the price-fixing attempts by Point of Sales (PoS) agents. The commission, then, said any PoS
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested no fewer than 80 Point of Sales (PoS) agents, suspected to be buying and selling money to members of
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that Point of Sale agents who charge above N200 for the CBN cash swap programme will be arrested
