pos

POS shops are in every nook and cranny of almost every city which makes it a very popular business. It's quite easy for people to leave their homes without having much cash on them because there is a certainty that they can get cash outside as long as they have their ATM cards or can do a mobile...

As Nigerians countdown to Christmas, the cash scarcity that happened earlier in the year has resurfaced and may affect the festive plans. The shortage of the naira has been reportedly linked by the Central Bank of Nigeria (CBN) to some individuals holding onto the currency because of...

The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) declared last month that they will raise the fees for cash withdrawals. Before the planned rise, the fee for withdrawals under $5,000 was $100; with the increase, the fee would double. The fees increase to $800 for 18,000 to...

According to the Nigerian Financial Service Market study, one of the primary reasons why people in Nigeria do not have a bank account is a lack of closeness to a financial institution. Nigeria has a population of more than 100 million people and 4,437 commercial bank branches. This means that a...