Racing to Geo-tag POS in Nigeria: Why Legitimate Agents’ Economic Activities Need Protection

Businessday | 13-04-2026 08:46pm |

Immanuel Umukoro, Policy and DFS Manager, EFInA On August 25th, 2025, the Central Bank of Nigeria (CBN) released a circular on the Migration to ISO 20022 Standard for Payment Messaging and Mandatory Geo-Tagging of Payment Terminals. The geo-tagging objective was clear: all terminals should be tied to known locations so that suspicious movement could be

Stay Updated with the Latest News!

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