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CAC Issues New deadline for PoS registration after giving instruction to block account [Video]

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Starting a Business
  • The PoS operators’ registration deadline has been extended by the Corporate Affairs Commission (CAC) from July 7, 2024, to September 5, 2024
  • It further stated that operators run the risk of losing their companies if they choose not to register by the end of the extended deadline
  • The purpose of this extension is to give operators especially in remote places enough time to register and carry on with their operations

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

The Corporate Affairs Commission (CAC) has extended the registration deadline for Point of Sales (PoS) operators from July 7, 2024, to September 5, 2024.

The directive made it mandatory for PoS terminals to register with CAC before the commencement of business. Photo Credit: PhotoAlto/Dinoco Greco, Prostock-StudioSource: Getty Images

It added that operators, who refuse to register by the end of the extended deadline, risked losing their businesses, adding that …

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