The Central Bank of Nigeria (CBN) has mandated all Point-of-Sale (PoS) operators across the country to register their businesses with the Corporate Affairs Commission (CAC) within two months.
This directive emerged following a meeting between Fintech representatives and the Registrar-General/Chief Executive Officer of the CAC, Hussaini Magaji (SAN), held in Abuja on Monday, May 7.
According to Magaji, the registration deadline, set to expire on July 7, is not aimed at targeting specific groups or individuals but is instead aligned with legal stipulations and the directives of the Central Bank of Nigeria.
In a statement, Magaji stated, “The Corporate Affairs Commission and Fintech companies in Nigeria, commonly referred to as PoS operators, have agreed to a two-month timeline for the registration of their agents, merchants, and individuals with the CAC in compliance with legal requirements and the directives of the Central Bank of Nigeria.”
He further added that this agreement was reached during the meeting between Fintech stakeholders and the Registrar-General, CAC, held in Abuja.
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…
