CBN should revisit its new POS rule

The Central Bank of Nigeria, CBN, has never lacked the impulse for reforms.

Its recent directive restricting each Point-of-Sale, PoS, operator to a single terminal is clearly born of a noble intent: to sanitise an informal sector that has occasionally become a playground for bad actors.

By seeking to track every Kobo through a “one-agent-one-principal” […]

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