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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 -
Gist

How I tracked...

How I tracked down customer after mistakenly withdrawing N100,000 instead of N10,000 - Yobe POS operator Story from Kasim Isa MUHAMMAD In Potiskum Local Government Area...
Neptune Prime -
Business & Economy

Naira Redesign: Abuja...

Naira Redesign: Abuja residents recount ordeal in accessing their money On October 26, 2022, the Governor of the Central Bank of Nigeria (CBN), with the...
Aisha Auyo -
Crime

Gov. Bala visits...

Gov. Bala visits victims as new naira notes seeking gunmen attack POS operator, injure 3 in Bauchi Story from Ahmad SAKA, Bauchi Gunmen suspected to be...
Maryam Umar -
Business & Economy

PoS operators threaten...

PoS operators threaten protest against CBN's cash withdrawal policy Members of the Association of Mobile Money and Bank Agents (AMMBAN) have threatened to protest against...
Gift Luckson -
Business & Economy

Cash Withdrawal Limit:...

Cash Withdrawal Limit: PoS business not endangered - CBN The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals...
Gift Luckson -
Business & Economy

Cashless policy will...

Cashless policy will create over 3 million jobs, boost POS agents' gains - Expert By Abubakar Abba The Chairman and CEO of a famous Northern-based cashless...
Gift Luckson -
Local

Police rescue 3...

Police rescue 3 suspected fraudsters from mob attack in Lokogoma POS scam Contrary to earlier reports that a mob caught some miscreants while trying to...
Maryam Umar -
Crime

Three persons caught...

Three persons caught trying to kidnap POS operator in Abuja (Video) Three persons suspected to be kidnappers have been caught along Lokogoma road, Abuja on...
Maryam Umar -
Business & Economy

Exclusive: Proliferation of...

Kenneth AFOR, LAGOS Since the commencement of Point Of Sales (POS) services in the country under the initiative of the Central Bank of Nigeria's (CBN)...
Kenneth Afor -
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