CBN Releases New Directive for POS Transactions

Central Bank of Nigeria has released a new directive to Payment Service Providers, requiring them to comply with enhanced routing guidelines for Point of Sale (POS) transactions. A circular by Oladimeji Taiwo on behalf of the CBN’s Payments System Management Department, which says the move is aimed at strengthening the monitoring of electronic transactions across […]
Presidency to Ensure Removal From Grey List Ahead of Deadline

The Presidency will take concrete steps to ensure Nigeria’s removal from the Greylist of the global Financial Action Task Force (FATF) before May 2025 deadline. The Chief of Staff to the President, Hon. Femi Gbajabiamila who gave the assuranceduring a fact-finding visit to the Nigerian Financial Intelligence Unit (NFIU) office inAbuja yesterday, pledged the Federal […]