PoS operators in Nigeria raised fees due to a new ₦50 levy. The ₦50 levy applies to transactions of ₦10,000 or more. The charge affects both fintech platforms and bank-affiliated PoS agents. Point-of-Sale (PoS) operators across Nigeria have increased their withdrawal fees, now charging between ₦150 and ₦200 for every ₦5,000 transaction, up from ₦100 … Read more
The Corporate Affairs Commission (CAC) has announced the commencement of strict measures, including the potential shutdown of Point of Sales (PoS) businesses that have failed to register by the September 5 deadline. This was disclosed in a public notice released on Friday. The Commission expressed concerns over the low compliance with its registration directive and … Read more
Mobile Money: MTN Drags 18 Nigerian Banks To Court Over N22bn Fraud The banks listed as defendants in the suit include Ecobank, Fidelity Bank Access Bank, First Bank, First City Monument Bank, FCMB and Guaranty Trust Bank EDITOR’S PICK: Police Recover Unexploded IEDs At Owo Church Owo Church Attack “Targeted At Turning Yorubaland Into A … Read more