Pos Operators News Today

The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting […]

The Central Bank of Nigeria (CBN) has issued a warning to banks and Point-of-Sale (PoS) operators over an alleged conspiracy that is hindering the availability of cash in the country. The CBN’s statement follows reports of banks and PoS operators cooperating to limit cash withdrawals and hoard Naira notes. CBN spokesperson Sidi Ali Hakama, however, […]

According to a report on the Nigerian Financial Services Market by Intelpoint, Lagos has a total of 322,266 POS agents out of 1.5 million agents in Nigeria.

There are fresh concerns over an alleged illegal surge in mining of data belonging to Nigerians through point of sales (PoS) terminals, a situation that is threatening the survival of agent banking, a scheme initiated to deepen financial inclusion in the country.

The association had said the increase in service charges was to ensure Point of Sale operators survive.

PoS Operators have been prohibited from implementing price increase on their range of transactionsThe FCCPC has stepped in to protect consumers against exploitation by PoS operators.The Commission…

The FCCPC has issued a prohibition against Point of Sale (PoS) operators from implementing the newly declared increase in charges for a range of transactions.

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Punch Newspapers Sections Published 13 March 2021 Seven members of a gang that allegedly specialises in robbery and kidnapping in Abia State are cooling off their heels in the custody of the Inspector-General of Police Intelligence Response Team. The suspects, Basil Macdonald, Emeka Uche, Godwin Rafael, Uzoma Samuel, Sunday Chibuike, Godwin Kalu and Abraham Thompson, were apprehended in their various hideouts in Aba town. City Round learnt that detectives went after them following the murder of...