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.
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.
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.
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, 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.
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.
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.
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 orders all PoS operators to register by Jan 1, 2026, or face seizure. Fintechs enabling illegal transactions will be watchlisted. Full compliance is mandatory.
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.
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.
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.
Lost your Access Bank card? Act fast! This guide details immediate steps to block your account via USSD *901*911#, mobile app, WhatsApp banking, and more to prevent fraud.
African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.
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.
Canada warns citizens to avoid non-essential travel to Nigeria due to terrorism, kidnappings, and crime. Exercise high caution in Lagos and Calabar. Stay informed.
House of Representatives investigates escalating POS fraud reaching N52.26bn. Committee reveals security breaches, cloned terminals, and urgent need for regulatory framework. #POSFraud #FinancialSecurity
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.
Peter Obi questions Nigeria's leadership failure amid multiple kidnappings and attacks. Read his strong condemnation of the security situation and institutional decline.
Peter Obi questions if Nigeria is cursed or its leaders are the curse following devastating attacks, kidnappings, and security failures across multiple states in 10 days.
US President Donald Trump threatens to cut aid to Nigeria over ongoing Christian killings and mass abductions. Latest attacks in Kebbi, Kwara, Niger states spark international concern.
US President Donald Trump reiterates anger over alleged Christian genocide in Nigeria, threatens to cut aid and launch military action. Nigerian government rejects claims.
After 4 weeks of testing across Lagos, Abuja & Port Harcourt, discover why NordVPN is Nigeria's top choice for security, speed & streaming international content.
Former US President Donald Trump escalates criticism of Nigeria, calling it a 'disgrace' over Christian killings. He threatens to cut subsidies and take military action. Read more.
Discover 7 luxurious perfume gifts under ₦100,000 perfect for Christmas in Nigeria. From Beguile to Zara, find scents that impress without breaking your budget.
A suspected ATM card scammer was brutally beaten by shoppers in Tongaat after targeting bank customers. His accomplices fled the scene. Read full details.
The United States considers sanctions against Nigeria alleging inadequate protection of Christian communities. Read about the diplomatic tensions and potential consequences.
Médecins Sans Frontières escalates diphtheria intervention across Borno, Kano, and Bauchi states amid rising cases. Learn how the health crisis is unfolding and what's needed to contain it.
US Congressman declares severe Christian persecution in Nigeria, cites 17,000 deaths since 2019, questions US aid, and links crisis to Nnamdi Kanu's detention despite court orders.