POS

Mobile money transactions rose 81.3 percent to N372.14 trillion in 2025, while transaction volume climbed 65.8 percent to 28.74 billion, according to the CBN. The apex bank attributed the growth to expanding agent networks, wider adoption of digital...

December 12, (THEWILL) — The Central Bank of Nigeria (CBN) has issued a one-month deadline to Point of Sale (PoS) operators and other payment service providers to ensure full compliance with the mandatory dual connectivity requirement for all PoS...

October 07, (THEWILL) — The Central Bank of Nigeria (CBN) has announced new guidelines for Point-of-Sale (POS) agents across the country, introducing a daily transaction limit of N1.2 million as part of efforts to strengthen oversight and standardise operations...

September 12, (THEWILL) – The Central Bank of Nigeria (CBN) has directed all Payment Service Providers (PSPs) to route all transactions from Point of Sale (PoS) terminals at merchant and agent locations (physical or electronic) through an approved CBN...

May 7, (THEWILL) - The Central Bank of Nigeria (CBN) has directed all Point-of-Sale operators in the country to register their businesses with the Corporate Affairs Commission (CAC) in two months. Registrar-General/Chief Executive Officer, CAC, Hussaini Magaji (SAN), disclosed this...

March 05, (THE WILL)- The Nigeria Police Force (NPF) has banned the use of Point-of-Sale (POS) machines and other electronic mobile money transaction devices within police stations and other police facilities nationwide.   A statement by Force Public Relations Officer, ACP...

March 14, (THEWILL) - The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The apex bank disclosed this in a circular, announcing the...

December 18, (THEWILL) – The Central Bank of Nigeria (CBN) has said its new cash withdrawal limit policy also addresses bulk withdrawal conditions. Speaking on Channels Television’s Sunrise programme, the Bank’s Director of Banking Supervision, Mustafa Haruna, said although the...