The federal government has asked point-of-sale operators to desist from attempts to increase transaction fees, warning of serious consequences and sanctions. THE GUARDIAN reports.Information Guide Nigeria The Lagos chapter of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) had announced a new price list for PoS transactions in the state. Stephen Adeoye, … Read more
The Central Bank of Nigeria has issued steps, an emergency number, and an email address where Nigerians could report Point of Sales (PoS) operators selling, issuing, or charging higher than the approved rates. LEGIT.NG reports that the Central Bank of Nigeria had pegged N200 for withdrawals of up to N10,000 and N100 for withdrawals of … Read more
The Osun State Office of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that the commission has bank manager, POS operators, security guards.Information Guide Nigeria According to DAILY TRUST, the commission arrested the Operations Manager of First City Monument Bank in Osogbo for loading new naira notes with wrappers unremoved in … Read more
Point of Sale machine agents in Ilorin, Kwara State have increased the charges on cash withdrawals by customers. According to DAILY POST, a cash withdrawal of N10,000, now attracts N1,000 commission, while N5,000 also attracts the same charge of N1,000, and N500 in some areas.Information Guide Nigeria Customers have formed long queues across the state … Read more
The Association of Mobile Money and Bank Agents in Nigeria is optimistic that the Central Bank of Nigeria would alter its stance on cash withdrawal limitations prior to the new year.Information Guide Nigeria Sunday, Victor Olojo, the national president of AMMBAN, confirmed to The PUNCH that the National Assembly has pledged to persuade the CBN … Read more