Will The CBN’s New Rule Stop POS Fraud?

The Central Bank of Nigeria (CBN)’s new rule requiring geotagging and geofencing of Point of Sale (PoS) terminals within a 10-meter radius aims to reduce fraud. However, there are significant challenges in implementing the policy. The CBN on Monday, 25 August, issued a circular mandating all operators in the country’s payment ecosystem to complete their migration to the ISO 20022 global messaging standard and implement mandatory geo-tagging of payment terminals by 31 October 2025. The apex bank emphasised that the mandatory geo-tagging of payment terminals is to improve oversight and reduce fraud

Kitchen Silence: A Family’s Demise?

Remember the aroma of simmering stew, the rhythmic clatter of spoons, and the playful chatter that once filled every Nigerian kitchen? That cherished symphony, a hallmark of family life, is

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