CBN Shifts PoS Geo‑fencing Enforcement To August 1, Expands Radius To 70m
The Central Bank of Nigeria (CBN) has shifted the enforcement of its mandatory Point-of-Sale (PoS) terminal geo-fencing rule to August 1, 2026, and expanded the allowable geo-fence radius from 10 metres to 70 metres. In a circular dated May 29, 2026,and signed by the director of the Payments System Supervision Department, Dr Rakiya O. Yusuf, […]
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