CBN Gives Instructions to PoS Operators To Register Business, Sets Deadline [Video]

• The CBN has asked all PoS operators in Nigeria to register their businesses with the Corporate Affairs Commission
• The deadline for compliance with this regulation for POS operators has been set for the 30th of June, 2024
• PoS operators are also urged to comply with KYC procedures and anti-money laundering measures

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Central Bank of Nigeria (CBN) has instructed all Point-of-Sale operators in the country to register their businesses with the Corporate Affairs Commission (CAC) in two months.

This was revealed after a meeting between Fintechs and the Registrar-General/Chief Executive Officer, CAC, Hussaini Magaji (SAN) in Abuja on Monday, May 7, 2024.

The CAC boss said the two-month registration timeline, which will expire on July 7, was not targeted at any …