The Central Bank of Nigeria (CBN) has announced an extension of the deadline for the mandatory geo-fencing of Point-of-Sale (PoS) terminals to August 1, 2026. This decision is intended to provide financial institutions and payment service providers with extra time to adhere to the established regulatory framework. The directive was communicated in a circular issued on May 29, 2026, which outlines the requirements for compliance. The extension reflects the CBN's commitment to ensuring that all stakeholders are adequately prepared for the implementation of this regulatory measure.
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