Nigeria’s Central Bank Directs Banks And Fintechs to Enforce PoS Terminals Geo-Tagging to Curb Fraud

Tekedia | 28-08-2025 11:58am |

The Central Bank of Nigeria (CBN) has issued a new directive requiring all financial institutions and licensed payment operators to comply with international payment messaging standards and introduce mandatory geo-tagging for Point-of-Sale (PoS) terminals. According to the circular signed by Dr. Rakiya O. Yusuf, Director of the Payments System Supervision Department, the move aligns Nigeria’s

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.