News

CBN Vows To Prosecute POS Operators Who Demand Exorbitant Charges

The Central Bank of Nigeria (CBN) has promised to prosecute Point of Sale (POS) operators who demand exorbitant charges on transactions, The Spectacles reports. The apex bank’s Governor, Godwin Emefiele disclosed this during a meeting with members of the diplomatic corps. Emefiele who admitted that there’s been some challenges over the Naira swap policy, said […]

Economy

CBN Tells Banks To Stop PoS Charges

Godwin Emefiele, Central Bank governor has asked banks to stop high charges by the Point of Sale (PoS) agents on every transaction made by their customers. He also appealed to Nigerians to show understanding that the redesigned notes will circulate and be accessible. Emefiele made the appeal at a special media briefing on the new […]