Category : Search result: POS operators Nigeria


Trump Orders US Strikes on ISIS in Nigeria

US President Donald Trump announced deadly military strikes against ISIS terrorists in Northwest Nigeria on Christmas, citing attacks on Christians. Read the full details.

75 Boat Operators Trained for Safer Inland Waterways

The Federal Government, through NIWA, has trained 75 boat drivers from Lagos, Ogun, and Ondo states in navigation and safety to curb accidents. This initiative aims to boost professionalism on Nigeria's inland waterways.

Terrorists Using PoS to Collect Ransom - FG

The FG reveals terrorists are exploiting PoS operators to collect ransom, making funds harder to track. Security agencies are collaborating with tech firms to dismantle their networks.

Terrorists Use PoS for Ransom, FG Alerts Public

The Nigerian government warns terrorists are using PoS agents to collect ransom, evading detection. Security agencies are working with social media giants to dismantle terror networks. Read more.

CBN Directs Banks to Enable Foreign Card Use on ATMs, POS

The CBN mandates Nigerian banks to configure ATMs and POS terminals to accept foreign cards, introducing new security measures for transactions above $200 daily. Report challenges to the Consumer Protection Department.

Lagos Reintroduces Monthly Sanitation to Tackle Waste

Lagos State plans to bring back monthly environmental sanitation to address severe waste management challenges. The state generates up to 15,000 tonnes of waste daily but collects less than a third. Read the full plan.

Boy Fakes Kidnapping, Extorts N1.7m from Mother

Lagos police arrest five suspects, including a 15-year-old boy, for staging a fake kidnapping to extort N1.7 million ransom from his mother. Full details of the elaborate scam revealed.

Graduate Cries Out Over Working as POS Operator

A Nigerian female graduate shares her emotional story of working as a POS operator, lamenting her situation after a stranger questioned her career path. Read her story and public reactions.

CAC Gives PoS Operators New Registration Deadline

Corporate Affairs Commission sets new deadline for PoS agents to register businesses or face sanctions. Industry faces fresh tension as compliance remains low. Read the full details.

CAC: POS Operators Must Register by Jan 1, 2026

The Corporate Affairs Commission has set January 1, 2026 as the final deadline for all POS operators to register. Unregistered terminals will be seized, and enabling fintechs reported to CBN. Act now to comply.

Christmas Cash Demand Hits New Highs in Nigeria

Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.

AfDB approves $500m loan for Nigeria's budget

African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.

SEC Sets January 2026 Deadline for ISA Compliance

Nigeria's SEC mandates all capital market operators to declare ISA 2025 compliance and register tradable instruments by January 2026. Dr. Agama announces new era for market transparency.

Nigerian lawmakers investigate rising POS fraud cases

House of Representatives investigates escalating POS fraud reaching N52.26bn. Committee reveals security breaches, cloned terminals, and urgent need for regulatory framework. #POSFraud #FinancialSecurity

Reps Committee Raises Alarm Over POS Fraud

House of Representatives committee warns of rising POS fraud and unlicensed crypto dealings by operators. Investigation reveals security gaps and regulatory breaches in Nigeria's fintech sector.

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