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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 -
Crime

Armed robbers shoot...

Armed robbers shoot POS operator, steal cash in Rivers Armed robbers have killed a Point of Sales Operator (POS) in Eleme Local Government Area...
Gift Luckson -
Crime

After prosecuting culprits,...

Story from Kenneth AFOR, Lagos One Mrs Lillian Okonkwo Anibogu, a nurse and victim of fraud on Tuesday received the sum of N191,000 from the...
Gift Luckson -
Crime

Police in Lagos...

Newsmen reported that the Lagos state police command has arrested a 24-year-old man identified as Korede Anifowose, of Omisakin Street, Agbelekale Abule Egba for...
Maryam Umar -
Crime

Edo man abandons...

A middle-aged man in Edo state, identified as David, has reportedly abandoned his wife and three children at a Point of Sale (POS) shop,...
Aisha Auyo -
Business & Economy

NECA commends CBN...

The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) on the new charges guide to banks and other financial...
Aisha Auyo -
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