CBN Releases New Directive for POS Transactions
Central Bank of Nigeria has released a new directive to Payment Service Providers, requiring them to comply with enhanced routing guidelines for Point of Sale (POS) transactions. A circular by Oladimeji Taiwo on behalf of the CBN’s Payments System Management Department, which says the move is aimed at strengthening the monitoring of electronic transactions across […]
NNPCL Under Financial Strain
The Nigerian National Petroleum Company Limited is experiencing financialstrain, which has put considerable pressure on the company and poses a threat tothe sustainability of fuel supply. Its Chief Corporate Communications Officer, Olufemi Soneye, in a statementyesterday, acknowledged reports regarding the company’s significant debt topetrol suppliers, noting that the financial strain had placed considerable pressureon the […]
