CBN Orders Geo-Tagging of PoS Terminals, Sets 60-Day Deadline

The Central Bank of Nigeria (CBN) has directed all licensed operators to geo-tag Point of Sale (PoS) devices within the next 60 days or risk having them deactivated.

In a circular dated August 25, 2025, the apex bank ordered banks, mobile money operators, and payment service providers—including Moniepoint, OPay, and PalmPay—to register the exact GPS coordinates of every PoS machine in use across the country.

According to the CBN, the measure is aimed at curbing fraud, eliminating cloned or “ghost” terminals, and enhancing real-time monitoring of transactions.

Under the new regulation, merchants will only be permitted to process payments within a 10-metre radius of their registered business address. Any terminal not geo-tagged before the deadline will be disabled.

The directive also mandates that all existing devices be upgraded with in-built GPS systems and linked to the National Central Switch, which will monitor transactions using a special software development kit (SDK). Newly deployed terminals must also be geo-tagged before activation.

Payment Terminal Service Providers (PTSPs) and mobile money companies have been tasked with ensuring full compliance across their networks.

Comments

Improved Working Conditions For Teachers In Rural Areas Underway As AKHA Advocates Provision Of Live-In Quarters

Secondary school teachers posted to rural areas in the State would have a sigh of relief as lawmakers of the Akwa Ibom State House of Assembly has advocated to the State Government for the provision of live-in quarters to reduce the burden of transportation and solve issues of accomodation. This was sequel to a report presented to the House by the Chairman House Committee on Education, Hon. Kenim Onofiok during Plenary today. Hon. Onofiok informed the House that the Committee had invited stakeholders from the Ministry including Commissioner for Education, Chairmen, State Secondary Education Board, Permanent Secretaries to discuss on the matter. The House thereafter dissolved into the Committee of the Whole where the two recommendations of the report were adopted. The House recommended that the State Government extends the fencing of schools to every local government area in the State and also prioritize the building of live-in quarters for teachers to provide accommoda...

Breaking: A’Ibom Governor Removes Two Aides Amid Restructuring, Alleged PDP Links

Akwa Ibom State Governor, Pastor Umo Bassey Eno, has relieved two aides of their duties with immediate effect, the state government announced on Monday. The affected officials are: Joseph Jacob Ikpak, Senior Special Assistant to the Governor on Support Services Felix Ekuri, Special Assistant to the Governor on Neighbourhood Watch Their disengagement was contained in a statement issued by the Secretary to the State Government (SSG), Prince Enobong Uwah, who described the action as part of the governor’s ongoing efforts to realign the machinery of government with the Renewed Hope and ARISE Agenda. The statement did not provide further details on the circumstances leading to their removal. However, it was gathered from multiple political sources that the decision may be linked to the aides’ alleged association with the opposition Peoples Democratic Party (PDP). The claim has not been officially confirmed, and the government has not commented on the speculation. Political analysts no...

Tragedy at Ikot Ekpene General Hospital: Akwa Ibom Governor Orders Probe Into Maternal Death

By Asuquo Edem UYO – A tragic incident at the General Hospital, Ikot Ekpene, has sparked public outrage after a young mother and her newborn reportedly died following a caesarean section, prompting Governor Umo Eno of Akwa Ibom State to order an immediate high-powered investigation. A disturbing video of the grieving family began circulating on social media over the weekend, drawing widespread condemnation and raising fresh concerns over maternal mortality in the state. Moved by the incident, Governor Eno expressed his condolences to the bereaved family and directed the Commissioner for Health, Dr. Ekem Emmanuel John, to convene a commission of inquiry comprising medical and legal experts. The panel is expected to establish the circumstances surrounding the deaths and recommend preventive measures. In a dramatic move, Dr. John led a midnight team of officials from the Ministry of Health to the hospital for an on-the-spot preliminary investigation, gathering firsthand testimonies f...

The Empire Naija

Search This Blog