CBN extends PoS geo-fencing metre, compliance deadline

Premiumtimesng | 30-05-2026 09:18am |

The Central Bank of Nigeria (CBN) issued a circular on Friday announcing an extension of the compliance deadline for the Point of Sale (PoS) geo-fencing metre to July 31. The directive requires all affected institutions to submit evidence of compliance by the new enforcement date. This decision aims to enhance regulatory oversight and ensure adherence to the established guidelines within the financial sector.

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