The Central Bank of Nigeria (CBN) has extended the deadline for enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, giving more room for compliance.
June 1, 2026
By Emma Ujah, Abuja Bureau Chief
The Central Bank of Nigeria (CBN) has extended the deadline for enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, giving more room for compliance.
This was disclosed in a circular issued by the CBN Director of the Payments System Supervision Department, Rakiya Yusur.
The CBN had directed that all PoS terminals in the country be geo-tagged to curb the use of POS for fraud and robbery.
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