Cash scarcity: Nigerians groan as banks, PoS operators trade blame
Some residents of Ibadan have decried the persistent cash scarcity, even as banks and Point of Sales (PoS) operators are trading blames over the […]
POS operators
CBN warns banks, POS operators against hoarding cash
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sale (PoS) operators to […]
Naira scarcity: PoS operators hike charges by 100 per cent
Operators of Point of Sale (PoS) in Calabar, the Cross River State capital have increased their charges by 100 per cent for all transactions, […]
Naira re-design: Beggars in brisk business, attain ‘informal PoS Operators’ status
Destitute in Kaduna who rely on begging for survival say they have been turned to ‘PoS Operators’ as a result of the prevailing cash-squeeze. Explaining […]
Naira: Rivers residents decry high charges by banks’ money agents
Some residents of Rivers have decried high charges banks’ money agents popularly called Point Of Salen (POS) operators. Some of the residents who spoke to […]
PoS surcharge: Operators allege bank officials sell cash to them
Some Point of Sale (PoS) operators have alleged that bank officials sell cash (both old and new naira notes) to them depending on the amount […]
Protest rocks major parts of Ibadan over new naira-notes, fuel crisis
Some aggrieved residents of Ibadan, Oyo State capital, on Friday trooped to major roads protesting over the hardship imposed on them by the new naira-notes […]
Cash scarcity cripples POS business in Abuja
Scarcity of cash has crippled Point of Sales (POS) centres in the Federal Capital Territory (FCT) while the few operators with cash now charge between […]
PoS operators make brisk business, surcharge for new naira notes
Some Point of Sale (PoS) operators in satellite towns of the Federal Capital Territory (FCT) are making brisk business with the new naira notes. The […]
CBN begins cash swap in Otuoke community, in Bayelsa
The Central Bank of Nigeria (CBN) has begun a cash swap policy in Bayelsa, through agents, to distribute the newly-redesigned naira notes to rural communities. […]
Old naira: CBN advises traders to embrace use of POS to beat deadline
The Central Bank of Nigeria (CBN) has advised market traders and business operators in Kwara to embrace use of Point of Sale (POS) machines for […]
Withdrawal limit: PoS operators task CBN, telecoms companies on uninterrupted service
Point of Sale operators (PoS) and traders in Lagos have appealed to the Central Bank of Nigeria (CBN) and telecoms companies to ensure interrupted service. […]
‘PoS operators are not endangered,’ CBN gives conditions for bulk and withdrawal
The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though […]