x

CBN Vows to Prosecute POS Operators Over Exorbitant Charges

The Central Bank of Nigeria (CBN) has promised to prosecute Point of Sale (POS) operators who demand exorbitant charges on transactions.

This was disclosed by the apex bank’s Governor, Godwin Emefiele during a meeting with members of the diplomatic corps. Emefiele who admitted that there’s been some challenges over the Naira swap policy, said the POS operators to be prosecuted are those who charge above the stipulated amount.

Emefiele also said that while this is a challenging time for Nigerians, things shouldn’t be exaggerated especially by people in authority to create panic.

Hot this week

NUT Strike: Wike Orders Direct Payment of Teachers’ Salaries, Allowances

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike, on...

Philanthropist Timdi Nkat to Challenge Plateau Speaker’s Fourth-Term Bid

By Israel Adamu, JosA philanthropist and businessman, , has...

Bayelsa United Feeders Win Yenagoa LGA Title in Prosperity Cup Thriller

Bayelsa United Feeders have been crowned champions of Yenagoa...

Security Situation Has Improved As Boko Haram Weakens – SGF Akume

… As Fulbe group pledges massive grassroots support for...

Over 40 Nigerians Graduate from Chinese Language Program in Abuja

More than 40 Nigerians have completed the first phase...

Neglect of Teachers Undermining Nigeria’s Education Quality, Demand Urgent Reforms

By Joyce Remi-BabayejuTeachers in the education sector have begun...

End Paywall on Leadership, ADC Rep Aspirant Slams Costly Nomination Forms

End Paywall on Leadership, ADC Reo Aspirant Slams Costly...

NUT Strike: Wike Orders Direct Payment of Teachers’ Salaries, Allowances

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike, on...

2026 Hajj : FCT Pilgrims Board Holds 4th Orientation Phase for Intending Pilgrims

By Joyce Remi-BabayejuThe Federal Capital Territory (FCT) Muslim Pilgrims...

Kaduna Journalists Trained on Digital Tools to Strengthen Peace Reporting

By Achadu Gabriel, KadunaSixty journalists and media practitioners in...

Bandits kill 2, Abduct 7 in Southern Kaduna

By Achadu Gabriel, KadunaGunmen suspected to be bandits...

Senator Lalong Congratulates Hon. John Naandoet on Induction as NIPR Fellow

The Senator representing Plateau South Senatorial District, Distinguished Senator...

Related Articles

Popular Categories

spot_imgspot_img