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Naira scarcity: Nigerians groan as banks, PoS operators trade blame

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Some residents of Ibadan, the Oyo State capital, have decried the persistent scarcity of naira notes, as banks and Point of Sale (PoS) operators...

CBN: Banks colluding with PoS operators to disrupt naira circulation

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The Central Bank of Nigeria (CBN) says there is a collusion between some Deposit Money Banks (DMBs) and Point-of-Sale (PoS) operators affecting the availability...

Naira scarcity: Sanwo-Olu warns against violence, accuses POS operators of extortion

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Lagos State Governor, Babajide Sanwo-Olu, has again urged the residents of the state to remain calm and shun violence amid the scarcity of naira...

CBN threatens to arrest POS operators charging above N200

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The Central Bank of Nigeria (CBN) has vowed to arrest and prosecute Point of Sale (POS) operators who charge above N200 for the apex...

Traders, PoS operators reject old naira notes

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Some residents of the Federal Capital Territory (FCT) have expressed worry as traders and Point of Sale (PoS) operators are rejecting old naira notes. The...

Man arrested for defrauding POS operators in Lagos

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The operatives of the Police Rapid Response Squad (RRS) have arrested a 26-year-old man, Emmanuel Okorafor, for defrauding Point of Sale (POS) operators in...

Police to POS operators: Stop promoting officers’ extortion

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The Police Command in Lagos state on Saturday warned Point of Sales (POS) operators against using their trade to promote extortion at police stations...
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