CBN Extends PoS Geo-Fencing Metre, Compliance Deadline

CBN extends PoS geo-fencing metre, compliance deadline

In its circular on Friday, the CBN also directed all affected institutions to provide evidence of compliance ahead of the new enforcement deadline, 31 July. The post CBN extends PoS geo-fencing metre, compliance deadline appeared first on Premium Times Nigeria.

CBN Extends PoS Geo-Fencing Enforcement Deadline To August 2026, Expands Operational Radius

Central Bank of Nigeria has extended the enforcement deadline for the mandatory Point of Sale (PoS) terminal geo-fencing framework to August 1, 2026, while approving a wider operational radius for payment service operators across the country. The new directive was contained in a circular dated May 29, 2026, and signed by the Director of the Payments System Supervision Department, Dr. Rakiya O. Yusuf. Under the revised framework, the approved geo…