CBN’s N100,000 daily withdrawal limit sparks outcry from POS operators across Nigeria
The Central Bank of Nigeria (CBN) has recently implemented a directive imposing a daily withdrawal limit of N100,000 for individuals, ...
Tag: POS operators
End PoS operators’ exploitation of Nigerians, Shettima tells banks
The Vice-President, Sen. Kashim Shettima has urged Nigerian Deposit Money Banks (DMBs) to tackle the issue of exploitation of Nigerians ...
Sanwo-Olu wants CAC to simplify registration for startups as deadline for PoS operators nears
Babajide Sanwo-Olu has appealed to the Corporate Affairs Commission (CAC) to simplify its registration process, especially for startups and small ...
CAC attending to over 15,000 applications daily for its fintech regularisation program
The Corporate Affairs Commission (CAC) has stated that it is treating no less than 15,000 applications daily, including on weekends, ...
NIBSS: Deployed PoS terminals across Nigeria hit 2.7 million in March 2024
The March 2024 figure indicated that a total of 864, 753 new PoS terminals have been deployed in the last ...
EFCC accuses Banks and POS operators of colluding to limit ATM cash availability
The EFCC has accused banks of colluding with POS operators to limit cash availability at ATMs
July deadline: CAC opens center for bulk registration of PoS operators
The Corporate Affairs Commission (CAC) has opened a center dedicated to bulk registration of PoS operators in the country.
CAC says PoS operators in Nigeria must be registered by July 7
According to the CAC, the registrations is also in line with the legal requirements and the directives of the Central ...
CBN warns POS operators, banks against cash hoarding, launches complaint portal
The Central Bank of Nigeria has issued a warning against Deposit Money banks as well as Point of Sales (POS) ...
Nigerian perishable food traders lament Naira scarcity, discard unsold food
Perishable food traders in Nyanya, Karu, and Mararaba markets in Abuja, Nigeria, are among the groups most affected by the ...
