Nigeria’s central bank expands PoS operating radius to 70 metres

Nigeria’s central bank has expanded the permitted operating radius for Point of Sale (PoS) terminals from 10 metres to 70 metres after concerns that the original restriction was too rigid for agents and merchants.

In a May 29, 2026 circular, the CBN also extended the enforcement deadline for the geo-fencing policy to August 1, 2026, giving payment companies more time to comply with the…