Banking

New Naira: POS agents who charge more than N200 will be jailed - CBN.

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…
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EconomyMarkets

The FCTA limits PoS operators to commercial areas.

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…