The House of Representatives, on Wednesday, resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Chief Executive Officers of commercial banks operating in the country to appear before it to propose solutions to the challenges…
The Corporate Affairs Commission (CAC) has reminded Point of Sale (PoS) operatorsacross Nigeria that the deadline for business registration, originally set for July 7, 2024, has now passed as of September 5, 2024. In a statement issued on Friday, the…
The Corporate Affairs Commission (CAC) today commissioned a Dedicated Centre for Bulk Registration of PoS Operators. The Registrar-General/CEO, CAC Hussaini Ishaq Magaji, SAN, unveiled the Centre located at the Commission’s FCT Zone 5 Office. Speaking shortly after cutting the tape…
The Corporate Affairs Commission (CAC) and fintech companies in Nigeria, better known as PoS operators, have agreed to a two-month timeline to register their agents, merchants, and individuals with the CAC in line with legal requirements and the directives of…
AJos Magistrates’ Court on Tuesday sentenced a 40-year-old trader, Aminu Ibrahim, to 15-month imprisonment for defrauding Point of Sale operators. Magistrate Shawomi Bokkos sentenced Ibrahim after he pleaded guilty. Mar Bokkos, however, gave the convict an option to pay N50,000…
The Federal Comp etition & Consumer Protection Commission has issued a warning to PoS operators to desist from conducts that constitute an infringement of the law whole threatening a ban of errant operators. This warning follows an earlier advisory issued by…
By Sodiq Adelakun The Association of Mobile Money and Bank Agents in Nigeria, Lagos Chapter, has announced a new price tag for Point of Sales (PoS) transactions – a fresh move to eradicate price discrepancies in the industry. This was…
Over 50 per cent of Point of Sale operators have shut down their businesses as scarcity of the new naira notes persists. Mr Hussein Olanrewaju, the National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in…
