Nigeria Deletes Terrorist Accounts on TikTok, Facebook, X
Nigeria's NCTC is collaborating with social media giants to delete accounts used by terrorists and bandits. The agency also exposes new ransom methods via POS operators. Read the full report.
Category : Search result: POS ransom payments
Terrorists Using PoS to Collect Ransom - FG
The FG reveals terrorists are exploiting PoS operators to collect ransom, making funds harder to track. Security agencies are collaborating with tech firms to dismantle their networks.
BitMARTe E-commerce Platform Launches in Nigeria
BitMARTe, a new e-commerce platform, launches in Nigeria to tackle delayed fulfillment and payment insecurity. Discover its unique features and leadership team.
Kidnappers collect ₦2.57bn ransom in one year
A new report exposes that kidnappers in Nigeria collected a staggering ₦2.57 billion in ransom from July 2024 to June 2025, with the Northwest as the epicentre. Discover the shocking scale of this criminal enterprise.
Terrorists Use PoS for Ransom, FG Alerts Public
The Nigerian government warns terrorists are using PoS agents to collect ransom, evading detection. Security agencies are working with social media giants to dismantle terror networks. Read more.
FG Orders Road Contractors to Stay on Site for Christmas
Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.
CBN Directs Banks to Enable Foreign Card Use on ATMs, POS
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.
OneDosh Launches Borderless Payments in US and Nigeria
OneDosh launches its cross-border payments platform in the US and Nigeria, using stablecoin tech for instant, low-cost international transfers. The service is live in 49 US states, with New York coming soon.
NIBSS assures seamless festive e-payments
NIBSS promises hitch-free digital transactions this yuletide, backed by N384 trillion quarterly volume. FCCPC warns transporters against arbitrary fare hikes. Read more.
CBN Orders Banks to Accept Foreign Cards on ATMs, POS
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.
Mastercard Boosts Africa Digital Payments by 45% in 2025
Mastercard expanded its African acceptance network by 45% in 2025, driving SME growth and financial inclusion. Discover how this powers the continent's $1.5 trillion digital future.
Court Grants Bail to Activist Harrison Gwamnishu
Edo High Court grants bail to activist Harrison Gwamnishu, detained over a controversial N20 million ransom negotiation for an abducted couple. Read the full details of the case.
Boy Fakes Kidnapping, Extorts N1.7m from Mother
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.
TotalEnergies TEMC+ Card Redefines Business Payments
TotalEnergies Nigeria launches TEMC+ card for secure fleet & business payments, competing with Paystack. Nationwide migration ends Dec 31, 2025.
Africa's Digital Payments Hit $2 Trillion, Nigeria Leads
A new report reveals Africa processed $2 trillion via instant payments in 2024. Nigeria's NIP system is rated highly, but fraud concerns remain a key barrier to wider adoption. Learn more.
TotalEnergies Unveils TEMC+ for Enhanced Mobility Payments
TotalEnergies Marketing Nigeria Plc has launched the TEMC+ card, a tech-driven platform for secure payments and real-time fleet management. Nationwide migration ends Dec 31, 2025.
Graduate Cries Out Over Working as POS Operator
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.
WACOT Pays N158m to Cocoa Farmers for Sustainability
WACOT Limited disburses over N158m to 2,062 Osun cocoa farmers for sustainable practices. The initiative rewards quality and promotes financial inclusion in agriculture. Read more.
PoS Operators Reject CAC Shutdown Plan, Head to Court
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.
CAC to Report Fintech Firms to CBN Over PoS Operators
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.
CAC Gives PoS Operators New Registration Deadline
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.
CAC: POS Operators Must Register by Jan 1, 2026
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: Unregistered POS Terminals Face Seizure from 2026
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.
Why Managing Subscriptions Causes Mental Clutter in Nigeria
Explore the hidden mental cost of managing multiple digital subscriptions in Nigeria. Learn why the stress isn't about money, but mental clutter, and discover 5 steps to reclaim your peace.
Muyiwa Babarinde named among Nigeria's top 35 marketing pros
Muyiwa Babarinde, Head of Marketing at Waza, is celebrated among Nigeria's elite young marketers in the prestigious Brandcom '35 Under 35' list. Discover his journey and impact.
FG Pays First Tranche of TVET Stipends to 42,000 Students
The Federal Government has started paying monthly stipends to over 42,000 students enrolled in the TVET initiative. Read how this move aims to boost skills and economic growth.
Bandits Kill Ex-Education Secretary, Collect Ransom After
Bandits killed Samuel Abi Dangiwa, a retired teacher and former Education Secretary in Kaduna, and still collected ransom from his desperate family a month later. Read the shocking details and community outcry.
POS Machine in Church Sparks Debate in Nigeria
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.
Nigeria's Defence Minister Bans Ransom Payment to Terrorists
Defence Minister Gen. Christopher Musa declares an end to ransom payments and negotiations with terrorists, citing it fuels insecurity. He outlines a multi-faceted security strategy.
Activist Gwamnishu Denies Stealing Kidnap Ransom
Nigerian activist Harrison Gwamnishu breaks silence after being accused of stealing part of a ransom meant for a pregnant kidnap victim and her husband in Edo. Read his full response.
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