Nigerian Man Explains New 7.5% VAT on Bank Transfers
A Nigerian man clarifies how the new 7.5% VAT on mobile transfers, USSD, and POS works. Learn how it impacts service fees and what it means for your daily transactions.
Category : Search result: PoS agents
Lebara Nigeria Opens Agent Registration Portal Nationwide
Lebara Nigeria has launched a digital Agent Registration Portal to onboard PoS agents and distributors ahead of its 2026 commercial launch. The portal promises a 30-minute onboarding process.
Nigeria's $9m US lobbying deal sparks outrage
A $9 million contract with a Trump-linked US firm to manage Nigeria's image has ignited criticism, exposing a prolonged ambassador vacancy and raising questions about the Tinubu administration's priorities amid insecurity.
Agents Protest Shipping Charge Hike, Shut Down MSC Apapa
Clearing agents in Apapa have halted operations at MSC to protest a sharp increase in shipping tariffs, warning it will worsen inflation and raise import costs for Nigerians.
Freight Agents Shut Down MSC Apapa Over New Charges
Freight forwarders in Lagos ports have shut down Mediterranean Shipping Company's Apapa office, protesting a new charge hike. They warn of rising import costs and consumer inflation. Read the full story.
Osun empowers 2000 with PoS terminals, grants
Osun State Government has empowered 2000 women and youths with PoS terminals, CAC certificates, and grants to boost entrepreneurship and financial independence. Read more about this historic initiative.
FBI Watched AFCON 2025 Match for 2026 World Cup Security
US FBI agents were present at the AFCON 2025 Round of 16 match between Algeria and DR Congo in Rabat. Their mission was to study Morocco's security protocols ahead of the 2026 FIFA World Cup, which the US will co-host. Read more details.
Modern POS Systems Drive Nigerian Retail Sales
Discover how modern POS systems help Nigerian retailers increase sales, improve customer experience, and build loyalty through seamless digital payments and data insights. Act now to upgrade your retail operations.
POS Operator Shot Dead by Robbers in Edo
Suspected armed robbers killed POS operator Raphael Eletanye, 38, on Murtala Muhammed Way, Benin City. Edo Police confirm the attack and urge public to provide information.
229 Bank Branches Closed as PoS Takes Over in Nigeria
Nigerian banks closed 229 physical branches in 2024 as digital banking booms. PoS transaction volume jumped 33%, while 1.8 million operators face a registration deadline. Discover the full story of Nigeria's banking transformation.
Nigeria Deletes Terrorist Accounts on TikTok, Facebook, X
Nigeria's NCTC is collaborating with social media giants to delete accounts used by terrorists and bandits. The agency also exposes new ransom methods via POS operators. Read the full report.
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.
CBN Orders Banks to Accept Foreign Cards on ATMs, POS
The Central Bank of Nigeria mandates banks to reconfigure ATMs and POS terminals for international cards. New security measures for transactions above $200 daily are also introduced.
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.
PoS Operators Reject CAC Shutdown Plan, Head to Court
PoS operators, led by NAFIAN, plan a legal challenge against the CAC's mandatory registration, calling it overreach. The January 1, 2026, deadline could see unregistered terminals seized.
CAC to Report Fintech Firms to CBN Over PoS Operators
The Corporate Affairs Commission warns it will place OPay, Moniepoint, Palmpay on a watchlist and report them to the CBN for enabling unregistered PoS agents. New deadline set for January 2026.
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.
CAC: Unregistered POS Terminals Face Seizure from 2026
CAC orders all PoS operators to register by Jan 1, 2026, or face seizure. Fintechs enabling illegal transactions will be watchlisted. Full compliance is mandatory.
POS Machine in Church Sparks Debate in Nigeria
A Nigerian lady's TikTok video showing a POS machine inside her church has ignited a fierce online debate about modernity and worship. See the divided reactions.
Harrysong: Increase Security Allowances to End Insecurity
Nigerian singer Harrysong urges President Tinubu to boost allowances for police and military personnel, calling current pay 'shameful' and key to tackling insecurity.
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.
House Committee Warns of Digital Payment Vulnerabilities
A House of Representatives committee reveals alarming cybersecurity gaps in Nigeria's digital payment systems, exposing citizens to fraud and national security risks. Learn how to protect your finances.
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.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
POS Agent Marries Customer in Heartwarming Nigerian Love Story
A Nigerian POS agent shares her joyful story of marrying a loyal customer. Their viral TikTok video inspires thousands with this unexpected love connection.
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