Nigerian banks will from January 19, 2026, begin charging a 7.5% value-added tax (VAT) on certain banking services, including mobile transfers and point-of-sale (PoS) transaction fees. Moniepoint Microfinance…
The Central Bank of Nigeria (CBN) has ordered that every Point of Sale (PoS) terminal in the country be fitted with geo-tagging technology within the next 60 days.…
The Central Bank of Nigeria (CBN) has announced a new daily cash withdrawal limit of N100,000 per customer for transactions through Point-of-Sale (POS) agents. In a circular sent…
The Corporate Affairs Commission (CAC) has just set up a new centre exclusively for the “bulk registration” of point of sale (POS) operators in Nigeria. This comes after…
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday, said Point of Sale (POS) agents who charge above N200 for the apex bank cash swap…
The Central Bank of Nigeria (CBN) says some mobile money/Point of Sales (POS) agents in Abuja and Lagos have been excluded from its newly launched cash swap programme.…
Just a few days after the Central Bank of Nigeria (CBN) announced new charges on withdrawal and deposit of funds above N500,000, the apex bank has reportedly directed…
