Tech

CBN SLAMS POS OPERATORS WITH ₦1.2 MILLION DAILY LIMIT — DIGITAL OVERSIGHT TIGHTENS

IDNN
The Central Bank of Nigeria (CBN) has rolled out sweeping new rules capping Point-of-Sale (POS) agent transactions at ₦1.2 million per day. It’s the boldest step yet in Nigeria’s drive to sanitise the fintech space, strengthen oversight, and push the nation toward a fully cashless economy....

Tinubu: NIN-SIM Linkage Reduces Fraud, Boosts Security

IDNN
President Bola Tinubu says the linkage of National Identification Numbers with SIM cards has drastically reduced fraud and boosted national security. Speaking at Nigeria’s Identity Day, he described digital identity as the “foundation of citizenship” and pledged to enforce its mandatory use across sectors. Officials say 126m Nigerians are now enrolled in the NIN database....

This website uses cookies to improve User experience. Accept Learn More

Our Policies