Browsing Tag
pos
2 posts
Did You Know CBN Has Limited POS Cash-Out Transactions to N100,000 Per Day for Customers?
On December 17, 2024, the Central Bank of Nigeria (CBN) implemented a new directive limiting daily cash-out transactions by Point of Sale (POS) agents to ₦100,000 per customer.
The policy, signed by Oladimeji Yisa Taiwo on behalf of the Director … Continue Reading
Inspector-General of Police Bans Use of POS Machines in Stations Amid Corruption Allegations
In response to mounting concerns over alleged corrupt practices, the Inspector-General of Police (IGP), Kayode Egbetokun, has issued a directive banning the use of Point of Sale (POS) machines and other electronic mobile money transaction devices within police stations and … Continue Reading