Point-of-sale (POS) services have become a key part of Nigeria’s financial system. There is no market, neighbourhood, or busy street corner that you walk into that you won’t find a POS agent ready to help people withdraw cash, pay bills, or transfer money. The services they offer are often faster than a trip to the
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Point-of-sale (POS) services have become a key part of Nigeria’s financial system. There is no market, neighbourhood, or busy street corner that you walk into that you won’t find a POS agent ready to help people withdraw cash, pay bills, or transfer money. The services they offer are often faster than a trip to the
As a POS agent, you already know the hustle. You wake up early, set up your stand, and serve tens, sometimes hundreds, of customers daily. Your POS machine is your livelihood. But it can also be your biggest weak point if you’re not careful. Fraud in the POS agent business is not new. You’ve probably
As a POS agent, you already know the hustle. You wake up early, set up your stand, and serve tens, sometimes hundreds, of customers daily. Your POS machine is your livelihood. But it can also be your biggest weak point if you’re not careful. Fraud in the POS agent business is not new. You’ve probably
193While the new CBN rules such as geo-fencing of terminals and one principal is set to take effect from April, the new withdrawal limits started January 1, 2026. The new cash withdrawal rules will affect everyone who uses POS terminals or withdraws from POS agents. These limits will change how you handle cash transactions, whether
While the new CBN rules such as geo-fencing of terminals and one principal is set to take effect from April, the new withdrawal limits started January 1, 2026. The new cash withdrawal rules will affect everyone who uses POS terminals or withdraws from POS agents. These limits will change how you handle cash transactions, whether
203If you’re running a POS business in Nigeria, the new CBN agency banking regulations have likely caught your attention. This isn’t the first time the Central Bank has updated the rules to protect the industry, but the 2026 guidelines are different—they’re stricter, more structured, and designed to bring lasting change. Issued on October 6th, these
If you’re running a POS business in Nigeria, the new CBN agency banking regulations have likely caught your attention. This isn’t the first time the Central Bank has updated the rules to protect the industry, but the 2026 guidelines are different—they’re stricter, more structured, and designed to bring lasting change. Issued on October 6th, these
150If you feel you’re working hard for slim margins as a POS agent in Nigeria, it’s time to review your cash flow management. As a POS agent in Nigeria, you earn between ₦200-₦400 (depending on your location) on a ₦10,000 withdrawal: that’s a 2-4% commission. If you add ₦10,000 to ₦15,000 in cash sourcing costs,
If you feel you’re working hard for slim margins as a POS agent in Nigeria, it’s time to review your cash flow management. As a POS agent in Nigeria, you earn between ₦200-₦400 (depending on your location) on a ₦10,000 withdrawal: that’s a 2-4% commission. If you add ₦10,000 to ₦15,000 in cash sourcing costs,
333If you’re a POS agent in Nigeria, you already know the struggle. One minute your business is flowing smoothly, the next minute your device is acting up, and customers are getting frustrated. These technical issues can cost you money and damage your reputation. Though POS agents in Nigeria face different problems, this article focuses on
If you’re a POS agent in Nigeria, you already know the struggle. One minute your business is flowing smoothly, the next minute your device is acting up, and customers are getting frustrated. These technical issues can cost you money and damage your reputation. Though POS agents in Nigeria face different problems, this article focuses on
225Many people are not ignorant of the challenges that come with running a retail shop. Managing inventory, paying rent, and handling customer demand is quite demanding, especially in Nigeria today. However, there’s a growing trend toward POS agents earning more than some small businesses. It might sound surprising, but a closer look at the realities
Many people are not ignorant of the challenges that come with running a retail shop. Managing inventory, paying rent, and handling customer demand is quite demanding, especially in Nigeria today. However, there’s a growing trend toward POS agents earning more than some small businesses. It might sound surprising, but a closer look at the realities
428The POS industry is evolving, and it is only right that the regulations evolve with it. Hence, the reason the Central Bank of Nigeria (CBN) has issued updated guidelines for POS agents in the country. The new guidelines will take effect from April 1, 2026. All POS agents and customers, should get familiar with them.
The POS industry is evolving, and it is only right that the regulations evolve with it. Hence, the reason the Central Bank of Nigeria (CBN) has issued updated guidelines for POS agents in the country. The new guidelines will take effect from April 1, 2026. All POS agents and customers, should get familiar with them.
228“Oga/Madam, na me and you dey hustle…” that would probably be its first statement. Imagine your POS machine suddenly gets a voice on a busy Monday morning. NEPA don blink small. The network is doing “Ehn,” like it’s shy. Customers are lining up. One person is shouting, “I’ve been debited!” Another is asking for a
“Oga/Madam, na me and you dey hustle…” that would probably be its first statement. Imagine your POS machine suddenly gets a voice on a busy Monday morning. NEPA don blink small. The network is doing “Ehn,” like it’s shy. Customers are lining up. One person is shouting, “I’ve been debited!” Another is asking for a
346The push for a cashless economy continues in Nigeria, but the streets tell a different story. Among the ordinary people, cash is still king. Walk into a salon, stop by a fuel station, enter a keke, book a bus, buy food at a local restaurant or even visit a small market stall… and you will
The push for a cashless economy continues in Nigeria, but the streets tell a different story. Among the ordinary people, cash is still king. Walk into a salon, stop by a fuel station, enter a keke, book a bus, buy food at a local restaurant or even visit a small market stall… and you will
