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...

CBN to sanction PoS operators over exorbitant charges

THE Central Bank of Nigeria (CBN) has threatened to prosecute point-of-sale (POS) operators who demand exorbitant charges on transactions. The...
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Petroleum regulatory authority to sanction filling stations rejecting transfers, PoS

THE Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to sanction filling stations rejecting bank transfer and...

Nigerians spend hours at ATMs, PoS centres over scarcity of new notes

MANY Nigerians today spent hours at automated teller machines (ATMs) and point-of-sale (PoS) centres in efforts to obtain the...
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Currency hawkers sell redesigned notes amid concern of poor circulation

CURRENCY hawkers are already making brisk business from trading the three redesigned naira notes, which have remained inaccessible to...

Fraudsters dent Nigeria’s multi-billion-naira POS business

THE Point of sale transaction (POS), also known as agent banking, has proven to be a huge relief to...
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