Tag: POS
CAC Mandates Registration for PoS Agents in Nigeria
The Corporate Affairs Commission has instructed all Point of Sales (PoS) agents of major financial technology firms in Nigeria to register their businesses.
This...
IG bans use of PoS machines in police stations
The Inspector-General of Police (IGP), Kayode Egbetokun, has issued a directive prohibiting the use of point of sale (POS) machines "within the premises of...
CBN probes Banks, PoS operators over naira scarcity
The Central Bank of Nigeria says it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country.
It...
PoS Operator in Lagos Arraigned for Stealing N326.9m
NEWS DIGEST- Abdulrafiu Issa, a Point of Sale (PoS) operator, has been brought before a Chief Magistrate's Court in Ikoyi, Lagos State, on charges...
Armed Robbers in Minna Now Utilize POS Machines to Plunder Victims
NEWS DIGEST- Residents of Minna, the capital of Niger State, have been left in a state of shock and fear as armed robbers have...
Naira redesign: Anambra residents decry sudden disappearance of new N200, N500,...
Barely one month after the reintroduction of old N200, N500 and N1,000 notes, some residents of Anambra have decried the unavailability of the new...
POS operator jailed 3 months for stealing N120,000
An Ota Magistrates’ Court in Ogun, on Tuesday, sentenced a 22-year-old Point Of Sale, POS, operator, Salawudeen Ayomide, to three months imprisonment for stealing...
Cashless policy: Matawalle empowers 300 PoS operators with N70m in Zamfara
The Zamfara government has disbursed N70 million to empower 300 Point-of-Sale, PoS, operators to fast-track implementation of the cashless policy of the Central Bank...
Naira scarcity: FCT commercial drivers increase fares
Many commercial drivers in the Federal Capital Territory, FCT, have increased the cost of transportation amidst the persistent scarcity of new naira notes.
The News...
How to report PoS agents selling new naira notes – CBN
The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to officially report erring Point of Sales (PoS) agents selling...