CBN grants payment operators flexibility on PoS Geo-Fencing, extends enforcement to August 1

THE Central Bank of Nigeria (CBN) has extended the enforcement deadline for mandatory geo-fencing of Point of Sale (PoS) terminals to August 1, 2026, while expanding the permitted geo-fence radius from 10 metres to 70 metres to ease compliance for operators. In a circular dated May 29, and signed by Dr. Rakiya O. Yusuf, Director […] The post CBN grants payment operators flexibility on PoS Geo-Fencing, extends enforcement to August 1 appeared first on Tribune Online .

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