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CBN sets N1.2m daily limit for PoS agents

The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N1.2 million for Point of Sales (PoS) agents as part of...

Shettima urges banks to address cash scarcity

Vice President Kashim Shettima has urged Deposit Money Banks (DMBs) to ensure customers can access cash, addressing growing concerns over cash availability in the...

Gunmen kill four police officers at Owerri-Onitsha road checkpoint

In a tragic incident on Monday evening, gunmen attacked a police checkpoint along the Owerri-Onitsha road in Imo State, killing four police officers and...

Kano bizman returns lady’s N370,000 mistakenly transferred to his bank account

A young businessman in Kano Abba Abdullahi has returned a sum of N370,000 which was mistakenly transferred into his bank account by a lady....

Don’t add to the suffering of masses, cleric urges POS operators

Mr Moses Adeyinka of the Christ Glory Church, Ilorin, has admonished POS operators in the country to do their business with fear of God,...

POS operators threaten to shutdown businesses in Kano over cash scarcity

Businesses in Kano, the commercial nerve centre of sub-saharan Africa, especially small scale, may be affected as scarcity of cash hits the state in...

CBN limits POS transactions to N20,000 per day

The Central Bank of Nigeria (CBN) has limited individual Point of Service (POS) to N20,000 per day as well as over the counter (OTC)...

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