The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that Point of Sale agents who charge above N200 for the CBN cash swap programme will be arrested and jailed when caught.
He said this on Tuesday during a visit to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank.
He said, “The situation is substantially calming down since the…
The Federal Capital Territory has ordered terminal operator Pointmof Sales to limit operations to commercial areas only.
Speaking to reporters in Abuja on Wednesday, Abuja Metropolitan Government Commission Coordinator Umar Shuaibu said the government would not allow PoS…
The Nigerian Inter-Bank Settlement Scheme (NIBSS) data for the past eleven months reveals that the amount of Point of Sale (PoS) transactions climbed by 20.5 percent to 1.06 trillion from 883 million in the same time of 2021.
However, its worth increased by 32% from N5.73…