CBN Mandates Geo-Tagging for All PoS Terminals in Nigeria Within 60 Days
[NigerianEye - Nigeria] - 27/08/2025
The Central Bank of Nigeria (CBN) has issued a groundbreaking directive requiring all Point of Sale (PoS) terminals across the country to be geo-tagged within the next 60 days. The move, announced on Tuesday, aims to enhance transparency, curb fraud, and strengthen the monitoring of electronic transactions in Nigeria’s rapidly growing cashless economy.According to the CBN, geo-tagging will enable real-time tracking of PoS terminal locations, ensuring they are used only at registered business premises. This is expected to address widespread issues such as unauthorized terminal mobility, (…)
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