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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...

Govt plans PoS agents for $800m cash-transfer scheme

The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has said that the Federal Government will deploy Point-of-Sales agents for cash transfers...

FCT Bans POS Operators From Residential Areas

The Federal Capital Territory Administration (FCTA) has ordered Point of Sales (POS) owners to restrict their operations to commercial areas.The Coordinator, Abuja Metropolitan Management...

CBN Limits Cash Withdrawal To N100K Per Week, N20,000 Daily Through POS

The Central Bank of Nigeria (CBN) has pegged maximum over the counter (OTC) cash withdrawal per week for individuals at N100,000 and N500,000 for...

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