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
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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
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,
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,
137If 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
107Many 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
231The 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.
134“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
192The 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
221For POS agents, loyalty is everything. It’s both about getting new customers and keeping the ones who already trust you. So, as a POS agent, people come to you because they expect speed, accuracy, and convenience something they won’t always get at an ATM stand. So, if your transactions are delayed for even a few
For POS agents, loyalty is everything. It’s both about getting new customers and keeping the ones who already trust you. So, as a POS agent, people come to you because they expect speed, accuracy, and convenience something they won’t always get at an ATM stand. So, if your transactions are delayed for even a few
240The festive period, typically from late November to December, is the busiest time of the year for businesses and consumers. Markets, malls, parks, cinemas, and major streets across the country are usually packed with people shopping, travelling, and having fun. Families buy food, clothes, gifts, and travel essentials. Businesses stock up heavily. Events happen almost
The festive period, typically from late November to December, is the busiest time of the year for businesses and consumers. Markets, malls, parks, cinemas, and major streets across the country are usually packed with people shopping, travelling, and having fun. Families buy food, clothes, gifts, and travel essentials. Businesses stock up heavily. Events happen almost
270In Nigeria, POS agents have become a vital part of the financial landscape, offering banking services such as withdrawals, deposits, and transfers. However, in recent years, many POS agents have expanded their service offerings to include bill payments and other convenient services, such as betting wallet payments. This shift has transformed POS stands from simple
In Nigeria, POS agents have become a vital part of the financial landscape, offering banking services such as withdrawals, deposits, and transfers. However, in recent years, many POS agents have expanded their service offerings to include bill payments and other convenient services, such as betting wallet payments. This shift has transformed POS stands from simple
