By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: CBN To Withdraw Licenses of POS Operators
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | CBN To Withdraw Licenses of POS Operators

News

CBN To Withdraw Licenses of POS Operators

Tapre Timine
Tapre Timine
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
CBN To Withdraw Licenses of POS Operators | Daily Report Nigeria
SHARE

The Central Bank of Nigeria is ready to withdraw the licenses of Point of Sale terminal operators due to inflating charges.

CBN gave this warning on Tuesday, February 7, 2023.

According to the apex bank, it would withdraw the operating licenses of POS agents found guilty of inflating charges above the CBN rate in Nigeria.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

This came after Nigerians reported that POS operators in the country charge between N1000, N1,500, and N2000 for every N5000 and N10,000 withdrawn by customers and N300 for N1000.

CBN’s Director of Risk Management department, Blaise Ijebor held that the approved charge for every N5,000 was N100, and anything above that by agents due to the current cash crunch amounts to punishing Nigerians.

It further promised that the bank was working with various state governments to ensure the availability of cash in circulation.

Ijebor said:

“We are monitoring the situation; anyone caught would have his or her license withdrawn and would not be in the business because we are going around with the Economic Financial Crimes Commission (EFCC).

“Customer should not be agitated, there is no need for tension because your money is safe in the banks. For now, get the little cash you need while using alternative means available to make payment.”

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:CBNPOSTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Super Eagles Rally Behind Ademola Lookman in Atalanta Exit Push | Daily Report Nigeria
Super Eagles Rally Behind Ademola Lookman in Atalanta Exit Push
Sports
President Tinubu, First Lady Hail D’Tigress for 2025 AfroBasket Final Spot | Daily Report Nigeria
President Tinubu, First Lady Hail D’Tigress for 2025 AfroBasket Final Spot
Sports
“Worth Every Euro, But…” – Özat Raises Alarm Over Osimhen’s Transfer | Daily Report Nigeria
“Worth Every Euro, But…” – Özat Raises Alarm Over Osimhen’s Transfer
Sports
Senator Shehu Sani Slams Kemi Badenoch Over Identity Disavowal | Daily Report Nigeria
Senator Shehu Sani Slams Kemi Badenoch Over Identity Disavowal
News
Why Peter Obi Cannot Win 2023 Presidency - Soludo
Soludo Blasts One-Term Politicians, Says They Need Psychiatric Evaluation
Politics

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Zulum Speaks on ISWAP Attack | Daily Report Nigeria
News

Zulum Speaks on ISWAP Attack

June 15, 2025
2023 Elections: How APC Won 7 Delta Assembly Seats | Daily Report Nigeria
Politics

2023 Elections: How APC Won 7 Delta Assembly Seats

June 14, 2025
Former Governor, Makarfi Condemns Kaduna Killings | Daily Report Nigeria
News

Former Governor, Makarfi Condemns Kaduna Killings

June 13, 2025
My Father Refused Sending Me To School - Femi Kuti Reveals | Daily Report Nigeria
News

My Father Refused Sending Me To School – Femi Kuti Reveals

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?