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POS

ATM Withdrawal Fee: Crisis In Making For Small Businesses?

CBN Raises ATM, POS Cash Withdrawal Limit, Issues 10 Directives To Banks

December 3, 2025

The Central Bank of Nigeria (CBN) has increased the cash withdrawal limit on automated teller machines (ATMs) and point of sale (POS) devices to N500,000 weekly for individuals and N5 million for

News

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

September 3, 2025

Dr. Marcel Mbamalu The Central Bank of Nigeria’s recent directive to geo-tag all Point of Sale (POS) machines to a 10-meter accuracy has sparked concerns about the impact on financial inclusion, particularly

Business News·News

UBA Unveils Upgraded PoS Terminal, Revamped MONI App To Accelerate Digital Payments Across Africa

April 13, 2025

United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering

POS Fraud Cases Surge by 31.12% in Q1 2024 Amid Security Concerns

Business News·News

POS Fraud Cases Surge by 31.12% in Q1 Amid Security Concerns

July 12, 2024

POS Transactions See Sharp Rise in Fraud Cases The prevalence of fraud and forgery in Nigeria’s payment system has shown a significant shift in the first quarter of the year, with Point-of-Sale

Business News·News

CAC Extends Deadline For PoS Operators By 60days To Register Businesses

July 8, 2024

CAC Extends Registration Deadline The Corporate Affairs Commission (CAC) has announced an extension of the registration deadline for Point of Sales (PoS) operators in Nigeria. Originally set for July 7, 2024, the

The Slippery Slope Of Banking Fees: What’s Next After ATM Withdrawal Fees?

Business News·News

Nigerian Banks, POS Street Vendors: A Collusion Crisis Of Transparency

July 6, 2024

Cash Scarcity and POS Street Vendors The Nigerian banking sector is grappling with a crisis of trust and transparency. A new and concerning trend has emerged, particularly in the Lagos area, where

Business News

Nigerian Banks Record Over N200 trillion Transaction Via Kiosks, POS, ATM, Others

August 15, 2022

The adoption of electronic transactions has continued to grow among Nigerians, as the Nigeria Inter-Bank Settlement Systems (NIBSS) reported a significant rise in the digital channel. According to the Nigeria Inter-Bank Settlement

Call CBN to arrest POS agents selling naira notes

Business News·Opinion·Top Stories

POS Terminals: Fraud And Alerts

March 14, 2022

By Marcel Mbamalu The landscape of Nigeria’s financial institutions has, in recent times, witnessed interesting changes that simultaneously embrace and challenge technological advancements. Point of Sale (POS) technologies have become the most

Business News

PoS Transactions Hit N13.67tn In Three Years – Report

December 29, 2021

Point of Sale Transactions has risen to N13.67tn in three years, according to data obtained from the Nigeria Inter-Bank Settlement System Plc portal. The data showed that the aggregate PoS transactions between

Business News

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POS

CBN Raises ATM, POS Cash Withdrawal Limit, Issues 10 Directives To Banks

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

UBA Unveils Upgraded PoS Terminal, Revamped MONI App To Accelerate Digital Payments Across Africa

POS Fraud Cases Surge by 31.12% in Q1 Amid Security Concerns

CAC Extends Deadline For PoS Operators By 60days To Register Businesses

Nigerian Banks, POS Street Vendors: A Collusion Crisis Of Transparency

Nigerian Banks Record Over N200 trillion Transaction Via Kiosks, POS, ATM, Others

POS Terminals: Fraud And Alerts

PoS Transactions Hit N13.67tn In Three Years – Report

POS Transactions in Nigeria Drop to N552.3 Billion in October

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