POS transactions Archives

CBN and CRYPTOS: Defending the financial system and economy

CBN denies directing merchants to charge customers N50 on POS transactions

On October 28, 20196:49 pmIn Business, Newsby Bankole

CENTRAL Bank of Nigeria (CBN) says it never issues any directive to merchants to charge customers N50 for Point Of Sales (POS) terminal transactions.

117,130.91m POS transactions carried out in first quarter 2019 — NIBSS

On May 19, 20194:27 pmIn Business, Newsby Bankole

Reports from the Nigerian Interbank Settlement System (NIBSS), indicate that Nigeria’s Point of Sales (POS) recorded 117,130.91 transactions from January to April.