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CBN instructs banks to reconfigure...

CBN instructs banks to reconfigure ATMs, POS...

CBN mandates dedicated accounts for...

‎CBN mandates dedicated accounts for POS operators...

CBN instructs banks to reconfigure ATMs, POS terminals for foreign card use

CBN instructs banks to reconfigure ATMs, POS terminals for foreign card use Story by Martha Gwary To ensure seamless and efficient transactions for holders of foreign-issued payment cards in Nigeria, the Central Bank of Nigeria (CBN) has instructed banks and non-bank acquirers to reconfigure all automated teller machines (ATMs), point-of-sale (POS) terminals, and virtual terminals. These devices must accept international cards via Nigerian acquirers, fully comply with card scheme standards, and hold the required certifications for smooth processing. The CBN announced this in a circular signed by Dr Rita Sike, Director of...
Maryam Umar -
Business & Economy

CBN instructs banks...

CBN instructs banks to reconfigure ATMs, POS terminals for foreign card use Story by Martha Gwary To ensure seamless and efficient transactions for holders of foreign-issued...
Maryam Umar -
News

CBN mandates dedicated...

‎CBN mandates dedicated accounts for POS operators to combat fraud ‎ ‎Story by Susan Mbamah   ‎The Central Bank of Nigeria (CBN) has directed all Point-of-Sale (POS) operators...
Salim Sani -
News

Police arrest dismissed...

Police arrest dismissed soldier for PoS fraud The Niger State Police Command has detained a dismissed soldier for alleged impersonation and other fraudulent activities. This is...
Maryam Umar -
Crime

EFCC nabs 21...

EFCC nabs 21 fraudsters in Bauchi, confiscates cars, phones The Economic and Financial Crimes Commission (EFCC) has arrested 21 suspected internet fraudsters in Bauchi State. The...
Gift Luckson -
News

How I almost...

I almost lost ₦70,000 to suspected fraudsters - Female POS agent narrates ordeal Story by Dajen Comfort Yakubu A Nigerian POS agent has shared a...
Gift Luckson -
News

Outrage as security...

Outrage as security operatives allegedly extort youths at gunpoint A disturbing incident involving alleged extortion and harassment by security operatives has sparked outrage in Aboh...
Salim Sani -
News

Customer allegedly kidnaps...

Customer allegedly kidnaps PoS operator’s 7-year-old daughter The family of seven-year-old Mercy Akande has been plunged into distress following her mysterious disappearance on December 23,...
Maryam Umar -
Crime

17-year-old PoS sales...

17-year-old PoS sales girl raped to death on father's farm Story by Hamzat IBRAHIM  A 17-year-old student and PoS sales girl was raped and murdered on...
Gift Luckson -
Crime

IPOB fighters in...

IPOB fighters in Imo kill 4 policemen, 2 civilians at checkpoint Suspected members of the Indigenous People of Biafra (IPOB) have attacked and killed four...
Gift Luckson -
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