Riff raff CBN, why can't you go after those that refused to pay back the billions of naira loan funds you sunk into Rice farming, yet rice- a staple foods -becomes the costliest in the market under your nose and under your fake agricultural interventions. Hell no, it's the grossly battered hard working citizens, who created something from nothing,the survivalist who created hope from the hellish state of joblessness that you will persistently cultivate and masturbate over to ground and exterminate them. Only riffy raffy policy u sabi do.

The mumu should clampdown on banks ,once banks are efficient they will migrate into oblivion.

Dbegining:
Like someone said, when the Nigerian government see that people are making 💰 through a particular way, they find a way to block it.

Look at Crypto, skit makers etc.

This government ehn🙄🙄

The government is on a march to block any escape route from their induced poverty. They want to crush the masses with poverty.

MEGA4BILLION:
People are no longer interested in using banks ATM. No need to travel long distance to ATM and at the same time get charged for withdrawals when you can comfortably make your withdrawals at any POS next to you. Commercial banks are happy they loosing out on ATM withdrawal charges thus the gang up against POS agents.

If you say you prefer making withdrawals through POS than ATM then it's probably cos you live in a remote village somewhere; not because POS is better.

MEGA4BILLION:
People are no longer interested in using banks ATM. No need to travel long distance to ATM and at the same time get charged for withdrawals when you can comfortably make your withdrawals at any POS next to you. Commercial banks are NOT happy they loosing out on ATM withdrawal charges thus the gang up against POS agents.

fixed

Okay

Operating a commercial bank in Nigeria is a huge loss. They give you loan and collect simple interest. If they operate a compound interest, the rate will be in per day and not per anum. They are seeing a huge migration of customers to business/microfinance banks in droves and they are not happy about it. I have not renewed my ATM Cards from 4 different banks. Just transfer the money I want to use to the one that has ATM card when I need to and save myself from Quarterly Card Maintenance charges and renewal charges.

More harm is coming to The Federal Government and the Central bank if they don't introduce a working digital currency that is tied to something that appreciates in value higher than interest rates given by banks so that citizens can buy into it while the real money remain in the hands of the government and not this sham called eNaira. The owners of Digital currency owns more or close to 50% of US Dollars and that is a problem. If Someone develop something that works in Nigeria, The Nations currency is going to be in the hands of unknown individuals because more people are going to put their money in it with hopes of getting something meaningful out of it. This means no money for banks and other businesses, and if it is created by people with destructive mindset, new era of terror might be birthed.

Nigeria need a digital currency owned and controlled by the federal government. If they succeed in this, they won't be selling all this government bonds again.

EyezofGod120:
Which one be illegal pos again,,,una sha wan block where we dey see at all at all chop

Read the post well.

EricSmallz:
Why do people use the terminology "I myself " ?
What is the meaning please? I think it is needlessly redundant.

Nigerians just dey go school, but cant speak good english

Stanweezy:
There is no job yet this ppl wants to destroy this small biznes many used to survive

Read post very well. Na simple english

Bridget95:
The government is on a march to block any escape route from their induced poverty. They want to crush the masses with poverty.

Read the post well bro

Bodmum:
hawking POS? Nigeria is cruise

Go oshodi ...enter arena
Dem full there....


POS POS...na him you go dey hear from the main gate...

Freethinker87:
I said that the first casualty of this new law will be POS operators and FinTech will make a killing from it. My prediction didn't take too long.

We are not sophisticated enough to get to the point your referenced,even in the next 100 years.

POS will remain and most importantly profitable...

juman:
“Some of these agents are not properly registered; the minimum accepted is a kiosk, an identifiable address.”

It make sense.

That dude is just trying to get his “useless” association to seem relevant. Then he go start to chase POS operators to pay membership dues.

This country, everyone is about their belly…

secnelly:
As an accountant that he claims, How much did Thifnupoo hand over to Fashola as Lagos t
State governor when he left office in 2007.

Let's compare with what other Presidential Candidate.

That is non of your business
Don't you have a state of origin face your state

owagbeba:


That dude is just trying to get his “useless” association to seem relevant. Then he go start to chase POS operators to pay membership dues.

This country, everyone is about their belly…

POS operators operation have to be regulated and control well.
If not the fraudster and criminals would be involved.

Stanweezy:
There is no job yet this ppl wants to destroy this small biznes many used to survive

Wickedness That is the name of some Policies

EyezofGod120:
Which one be illegal pos again,,,una sha wan block where we dey see at all at all chop

Don't mind the blindfolded people!
- this CBN,like NNPC that can't dispense fuel to the crying Masses, despite Nigeria being an oil producing nation, should be ashamed by now!
- Most of those in Office,care less about the suffering population,so if I need N20,000.must I go and que in a 4- kilometres where the banks are located?
- where was CBN when the POS Business began to expand to the delights of Nigerians?
- We don't need a kiosk' if the Pos Operators are trustworthy' and efficient' .e g I'm on Okada and I know Mama Chinedu well,I can just park and ask for the money and move on so,why should I go to que up in the banking hall that takes next 2- hours?
- Why is CBN Officials blaming the POS ,for their Cashless Policy, when they are the very ones undermining the Policy?
Anyway,most of the CBN Officials have more POS of their own!
Please,make Una park somewhere else!

Na wa o, CBN should allow POS operators.

Lol,very soon be expecting mass lay off from all those bank

juman:


POS operators operation have to be regulated and control well.
If not the fraudster and criminals would be involved.

CBN regulation is ok; but not another association trying to “setup” hustle on POS operators: associations dues, membership sticker… you know the usual trickery

Dbegining:
Like someone said, when the Nigerian government see that people are making 💰 through a particular way, they find a way to block it.

Look at Crypto, skit makers etc.

This government ehn🙄🙄

what happened to skirt makers?

For Everything, there is a time and Season...understand the times, trends and know when to see and catch and surf on the next huge wave

MEGA4BILLION:
People are no longer interested in using banks ATM. No need to travel long distance to ATM and at the same time get charged for withdrawals when you can comfortably make your withdrawals at any POS next to you. Commercial banks are happy they loosing out on ATM withdrawal charges thus the gang up against POS agents.

I’m not sure of this sir.

Banks are more comfortable and make more money from POS than from ATM. The workload inside the bank and at the ATM is slashed by over 50% for the bank.

These banks have committees to encourage pos operators. They give them targets, then commission and awards. I know of this.

In fact, I think it’s the CBN that forces banks to maintain a certain number of ATM.

What the CBN is saying is that to be a pos operator, get a shop with a verified address so you and your customers will be well monitored.

A lot has been happening in this pos business these days.

EricSmallz:
Why do people use the terminology "I myself " ?
What is the meaning please? I think it is needlessly redundant.

it is a grammatical blunder because both I and myself connote the same thing

I can consider it tautology

Frontend:

That is non of your business
Don't you have a state of origin face your state

How many Lagosians are proud to say they come from Lagos. Even if they do, check their life. Very pitiful.

MEGA4BILLION:
People are no longer interested in using banks ATM. No need to travel long distance to ATM and at the same time get charged for withdrawals when you can comfortably make your withdrawals at any POS next to you. Commercial banks are happy they loosing out on ATM withdrawal charges thus the gang up against POS agents.

Commercial banks are even gaining more because they share revenue with agents . Also, they do settlement and reconciliation exercise for fintech

Freethinker87:
I said that the first casualty of this new law will be POS operators and FinTech will make a killing from it. My prediction didn't take too long.

Lol you got it right from the start. I knew they were playing too. I pity pos operators because its a job for millions of people in Nigeria.

charles009:


We are not sophisticated enough to get to the point your referenced,even in the next 100 years.

POS will remain and most importantly profitable...

It's not a "sophisticated" technology. Opay has already developed their QR payment API. Na to begin deploy to merchant remain.

https://doc.opaycheckout.com/e-wallet-payment

miniziter:

But when you need urgent 20k to borrow, you remember our place. Just dey play.

Don't worry my credit score got me covered.

Anything that favours mercies, government will like to turn it upside down and make it to favour themselves. Yẹyẹ cbn.

owagbeba:


CBN regulation is ok; but not another association trying to “setup” hustle on POS operators: associations dues, membership sticker… you know the usual trickery

I understand. The association money would largely be stolen.
But association thing not totally bad.