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POS

Business and Economy

CBN caps PoS agents’ daily transactions at ₦1.2m, insists on geo-tagging of operators

THE Central Bank of Nigeria (CBN) has capped daily cash-out transactions for Point of Sale (POS) agents at N1.2...
Mustapha USMAN -
Business and Economy

Why PoS merchants support geo-tagging but fear disruption from CBN’s 60-day deadline

PONIT-OF-SALE (PoS) merchants are currently kicking against the 60-day geo-tagging directive from the Central Bank of Nigeria, noting that...
Harrison EDEH -
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Business and Economy

Extortion: How PoS operators, filling stations, traders, collude to rip off consumers

COMMERCIAL Point-of -Sale (PoS) operators mushrooming around filling stations retail outlets are conniving with some pump attendants to add...
Harrison EDEH -
Banking and Finance

CBN limits cash withdrawal to N100,000 per customer at PoS terminal

THE Central Bank of Nigeria (CBN) has set a daily cash-out limit of N100,000 per customer transacting on point-of-sale...
Ehime ALEX -
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Banking and Finance

Using naira to buy naira: CBN silent over cash scarcity as PoS, retail stores increase charges

THE Central Bank of Nigeria (CBN) has been largely silent over the cash scarcity that has hit businesses in...
Harrison EDEH -
Crime

ICPC arrests petrol station accountant over new naira notes racketeering

THE Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested an accountant of the Oando filling station...
Bankole ABE -
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