Many residents of Taraba State have raised concerns over what they described as exploitative practices by Point of Sale (PoS) operators, who are allegedly taking advantage of the persistent cash shortage in the state.

The threat issued by the Federal Government to the Point of Sale (POS) operators to register with the Corporate Affairs Commission (CAC) within a specific time or get arrested is, apart from being ill-timed, ill-conceived as it paints the picture

The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting…

Residents and business owners, including Point of Sale (POS) operators near Owerri Police Command, Imo State, have decried incessant armed robbery attacks in the area.

The Central Bank of Nigeria (CBN) has issued a warning to banks and Point-of-Sale (PoS) operators over an alleged conspiracy that is hindering the availability of cash in the country. The CBN's statement follows reports of banks and PoS operators cooperating to limit cash withdrawals and hoard Naira notes. CBN spokesperson Sidi Ali Hakama, however,…

The Nigeria Security and Civil Defence Corps (NSCDC) has announced the arrest of five robbery suspects who specialised in attacking hotels and Point of Sale (PoS) operators in Calabar. According to the NSCDC Commandant in Cross River, Mr Charles Brown, the suspects, aged between 15 and 25, were arrested in the early hours of Wednesday…

There are troubling signs from many parts of the country that the cash crunch that grounded the economy at the start of this year is making a comeback as customers are finding it hard to get cash from banks.