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.

The Central Bank of Nigeria has extended the PoS geo-fencing enforcement deadline to August 1, 2026, giving institutions more time to comply.

In its circular on Friday, the CBN also directed all affected institutions to provide evidence of compliance ahead of the new enforcement deadline, 31 July.