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Business

CBN limits PoS operators to daily withdrawal of N100K per customer

In a bid to promote a cashless policy, the Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals...
Business

VP Shettima laments arbitrary exploitation by PoS operators, tasks CBN, banks

The issue of arbitrary exploitation by Point of Sales (PoS) operators has gotten the attention of Vice President Kashim Shettima who has called on...
News

Shettima urges banks to address Naira scarcity, PoS operators’ sharp practices

Vice-President Kashim Shettima on Friday urged banks to tackle the cash scarcity in the country.Shettima made the call at the 2024 Bankers’ Committee Retreat...
Business

PoS operators slam CAC, say directive on mandatory registration a ploy to tax Nigerians

The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has slammed the federal government over the recently mandatory registration of Point of...
Business

CBN gives deadline for PoS operators to register with CAC

In a bid to protect the businesses of Fintech’s customers and strengthening the economy, the Central Bank Of Nigeria (CBN) has issued a July...
Business

CBN alleges banks colluding with PoS operators to disrupt cash flow

The Central Bank of Nigeria (CBN) has accused the Deposit Money Banks (DMBs) of colluding with Point of Sale (PoS) operators to disrupt the...
News

Suspected Armed Robbers Killed In Enugu

Some suspected armed robbers were today killed by police operatives in Enugu.The victims, shown in a video to be operating in a tricycle, had...
Business

From earning over N130,000 monthly to making nothing, PoS operators lament Naira scarcity

Prior to the Naira redesign policy of the Central Bank of Nigeria (CBN), the area of Alagbole, Ogun State, was saturated with Point of...
Business

POS operators vow to protest, sue CBN over cash limit policy

Members of the Association of Mobile Money and Bank Agents (AMMBAN) have threatened to take their protest of the cash withdrawal limit to the...

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