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Suspects using POS machines to extort motorists, arrested by the police

Seven suspects allegedly using Point of Sale (POS) machines to extort unsuspecting motorists, have been arrested by operatives of the Rapid Response Squad (RRS)...

N50 surcharge on POS transaction illegal: CBN

The Central Bank of Nigeria (CBN) said the N50 being charged Nigerians who use Point of Sale (POS) machines for transactions, is a misinterpretation...

BREAKING: CBN reduces transfer, ATM withdrawal charges

The Central Bank of Nigeria (CBN) has released its downward review of charges placed on Nigerians for the maintenance of Automated Teller Machines (ATM)...

POS Stamp Duty: FG Reviews 50 Naira Charge To Transactions Above...

The Nigerian government has reviewed its policy on stamp duty charges, levied on electronic payments. According to Punch, the new proposed finance bill disclosed that...

The Scary Moment A POS Terminal Exploded While Being Charged At...

The POS terminal exploded while being charged at a shop in Lagos. The shop attendant hilariously took to her heels leaving everything behind as she...

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