The Punch Newspapers12d
2024 POS transactions surpassed ATM usage by 603% – CBN
This data, sourced from the Central Bank of Nigeria’s quarterly statistical bulletin, reflects a significant shift in consumer preferences as POS becomes the dominant payment method, and the ...
Legit on MSN12d
CBN report shows Nigerians favour PoS over ATMs for cash needs
A CBN report has shown that in the first half of 2024, Nigerians conducted transactions on POS terminals, far exceeding the ...
LEADERSHIP Newspaper27d
Women Traders In Northern Nigeria Thrive With PoS Technology, Overcome Hurdles
At the entrance of the bustling Wunti Market in the heart of Bauchi metropolis, Ada, a 44-year-old hairdresser, sits by her small shop with her Point of Sale (PoS) machine clearly visible on the ...
The Nation Newspaper11d
Union Bank begins PoS withdrawal limit
Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals. The implementation followed a directive by the Central Bank of Nigeria (CBN) on December ...
AllAfrica.com23d
Nigeria: CBN Sanctions 9 Banks for Failing to Dispense Cash At ATMs
The Central Bank of Nigeria (CBN) has sanctioned nine Deposit ... and rationing practices at bank branches and by Point-of-Sale (POS) operators. "The Central Bank is working with security agencies ...
Premium Times8d
POS economy: How Nigeria’s banks and operators profit off cash scarcity, By Ayo Banjo
…here’s a plea to the CBN and the banks: fix this mess. The Nigerian economy cannot thrive on transfers alone – not when network failures are as common as political promises during election ...
AllAfrica.com24d
Nigeria: Full List - CBN Sanctions 9 Banks for Failing to Dispense Cash Via ATMs
The Central Bank of Nigeria (CBN) has imposed a fine of ... both at bank branches and by Point-of-Sale (POS) operators. "The Central Bank is working with security agencies to crack down on illegal ...
The Punch Newspapers4d
Cashless policy, poor customer relations fuelling POS agents’ exploitation – Expert
Dare gave his opinion on Friday during a public lecture he organised, themed “The Cash War Between ATMs and POS Agents ... part of Nigeria’s economy. He said, “The CBN’s cashless policy ...
Daily Post Nigeria10d
CBN releases FX Code as Naira appreciates against dollar
The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against the dollar at the black market. The apex bank disclosed this in a ...
Vanguard10d
CBN releases Nigeria FX code to mitigate financial risks
The Central Bank of Nigeria, CBN, yesterday released the Nigeria Foreign Exchange (FX) Code in a bid to mitigate risks following various positive transformations in the country’s financial ...
Zawya9d
Nigeria: CBN to commence payment of Forex backlog
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the completion of forensic verification to clear all pending foreign exchange backlogs, with payments set to commence ...