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POS operators

Nigerian Govt Gives PoS Operators 2-Month Deadline To Register With CAC

As the Nigerian government continues to adopt measures to combat money laundering, terrorism, among others, all Point of Sale operators (PoS) across the country have been mandated to register their agents, merchants and individuals with the Corporate Affairs Commission (CAC) latest by

May 7, 2024

Business

New PoS Charges: PoS Operators Risk N10m Fine, Imprisonment

Point of Sale (PoS) operators risk N1 million to N10 million fine, as well as three months imprisonment should they collectively increase the price of their transactions. This was disclosed in a statement by the Executive Vice Chairman and Chief Executive Officer

July 24, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

New Naira Scarcity Forces 80% Of PoS Operators To Shutdown

The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Hussein Olanrewaju, said 80 per cent of its members have shut down as a result of the scarcity of new Naira notes. It was gathered

February 8, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

The Dollar rate appreciated in the official foreign exchange market on Thursday, 2, February 2023, as Nigerian commercial banks struggle to make Naira available to the public. According to data obtained from the FMDQ Exchange, the Naira took a beating, losing –0.11

February 3, 2023

Call CBN to arrest POS agents selling naira notes

Business

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

The Godwin Emefiele-led Central Bank of Nigeria (CBN) has warned that the financial regulator will start arresting persons selling the Naira notes. In a circular released on Thursday, 2, February 2023, the central bank said it learnt that persons are hawking and

February 2, 2023

Business

PoS Operators Ejected From Residential Areas In Abuja, Excluded From CBN’s Swap Project

Point of sale (PoS) operators have been ejected from the residential environment in Abuja by the Federal Capital Territory Administration (FCTA). The coordinator of the Abuja Metropolitan Management Council (AMMC), Umar Shuaibu, said the PoS operators were asked to relocate to commercial

January 27, 2023

Business

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POS operators

Nigerian Govt Gives PoS Operators 2-Month Deadline To Register With CAC

New PoS Charges: PoS Operators Risk N10m Fine, Imprisonment

New Naira Scarcity Forces 80% Of PoS Operators To Shutdown

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

PoS Operators Ejected From Residential Areas In Abuja, Excluded From CBN’s Swap Project

POS Operators To Take Over Streets To Protest CBN’s Cash Withdrawal Limits

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