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

Paris Saint-Germain F.C. Ordered to Pay Kylian Mbappé €61m After Court Ruling

French champions Paris Saint-Germain will pay Kylian Mbappé €61...

Assembly Lauds ECEWS, Aviclaire Climate-Smart Agriculture Initiative in A’Ibom

By Ogenyi Ogenyi, UyoThe has commended a climate-smart agriculture...

IHR Congratulates NAHCON Chairman, Calls for Rebranding and Operational Reforms

By Jabiru Hassan(IHR), a registered faith-based civil society organisation...

Assembly Lauds ECEWS, Aviclaire Climate-Smart Agriculture Initiative in A’Ibom

By Ogenyi Ogenyi, UyoThe has commended a climate-smart agriculture...

Women Groups Rally Behind Umahi, Insist Allegations Must Be Tested In Court

Four women-led advocacy groups have called for strict adherence...

TSO Appoints North Central Coordinators for 2026 National Football Tournament

The Tinubu Support Organisation (TSO) Football Directorate has appointed...

As Nigeria’s Mining Sector Faces 2026 EITI Review

By Dr Austin MahoNigeria's mining sector is approaching a...

Importance of Institute for Peace and Conflict Resolution(IPCR) to Security Challenges

By Jemimah LamiNigeria’s security environment remains one of...

Ex-CAN Secretary Disputes First Lady’s Comment on Nigeria’s Religious Demographics

A former National Secretary of the Christian Association of...

Mercy Johnson-Okojie and Daughter Purity Lead Girls Tag: Advancing Women’s Empowerment Through Period Care

Across Nigeria, conversations about gender equality and women’s empowerment...

Policie nab child abductor in A’ibom

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has arrested...

Bayelsa NUJ Commends Diri’s Appointments, Seeks Urgent Action on Power Supply

The Nigeria Union of Journalists (NUJ), Bayelsa State Council,...

Related Articles

Popular Categories

spot_imgspot_img