businessday6dOpinion
The cash war between ‘ATMs’ and ‘PoS Agents’ in Nigeria
While ATMs remain essential, they have been overshadowed by the growing influence of POS services. This shift has led to ...
Legit on MSN14d
CBN report shows Nigerians favour PoS over ATMs for cash needs
A CBN report has shown that in the first half of 2024, Nigerians conducted transactions on POS terminals, far exceeding the value of transactions on ATMs.
The Punch Newspapers26d
Yuletide: CBN fines nine banks N1.35bn for ATM cash scarcity
The Central Bank of Nigeria has sanctioned nine Deposit Money ... The affected banks include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Providus Bank ...
businessday7d
One PoS for 38 Nigerians fills ATM’s cash crunch
Point of Sales (PoS) terminals have become much more critical to financial services than automated teller machines (ATMs), ...
The Punch Newspapers15d
2024 POS transactions surpassed ATM usage by 603% – CBN
According to the Fraud and Forgeries Report in Nigerian Banks for the first quarter of 2024 by FITC, POS fraud cases surged by 31.12 per cent in Q1 2024. In Q4 2023, there were 2,683 reported cases of ...
Daily Post Nigeria27d
CBN fines 9 banks N150m each over scarcity of cash in ATMs
The Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines, ATMs, during the festive season.