![The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/01/20200913_161409-scaled-e1652250793565.jpg?fit=2387%2C1702&ssl=1)
How insecurity threatens PoS operators, deprives Sokoto residents of financial services
With the rising level of insecurity in the country, point of sale machine operators in Sokoto, Northwest Nigeria are having ...
Tag: POS
Police arrest six bank hackers over N5million theft
The hackers specialise in making illegal bank withdrawal through phones stolen from victims of robbery
Man’s lover escapes with wife’s newborn, ATM card in Ondo
Police spokesperson, Leo Tee-Ikoro, who confirmed the incident, said Mr Mamukuyomi had been arrested and was assisting the police in ...
Nigeria’s Jan-May PoS transaction ‘highest in four years’
Point of Sale (PoS) transactions across Nigeria between January and May 2020 was valued at N1.64 trillion
VIDEO: How introduction of N50 charge on POS transaction threatens Financial Inclusion
Both bodies are working closely in setting remittance processes that ensure the collection of stamp duty charges for the POS.
Stop compelling Nigerians to pay N50 on POS transaction, CBN tells business owners
Nobody should pay extra on goods and services, the CBN official added
Nigeria approves three new ‘Payment Service Banks’
An official says the approval was in line with its objective of enhancing financial inclusion in the country.
Businessman used POS to dupe Nigerian bank of N1.2 billion – Witness
The accused is being prosecuted by the EFCC.
POS transactions grow to N24billion monthly, says CBN
Mobile money transaction value also grew to N819 million. ------------------ The Central Bank of Nigeria, CBN, has said that the ...
Nigerians will use biometric authentication for ATMs, PoS from 2015 – Sanusi
Mr. Sanusi said ATM fraud has reduced by 90 per cent. The Central Bank Governor, Lamido Sanusi, has said that ...
Mobile payment, online transactions to face higher fraud in 2013 – Report
The report said mobile payments, on-line transactions and others face more risk of fraud.
CBN to commence 24-hour PoS transaction settlement
From September, operators of POS terminals will now get their accounts credited within twenty four hours.
