CBN Orders Geo-Tagging Of PoS Terminals In Nigeria

The Central Bank of Nigeria has directed that all Point of Sale (PoS) terminals in the country be geo-tagged within 60 days.

In a statement dated August 26, 2025, obtained by our correspondent, CBN said the move is part of measures to curb fraud and strengthen oversight of digital payments.

It is also part of a broader plan to modernise Nigeria’s payment system, improve consumer…