Nigeria, Oct. 7 -- With its freshly updated Central Bank of Nigeria (CBN), the Central Bank has boldly tightened supervision on the Point of Sale (PoS) ecosystem.

Instructions for the operation of agent banking in Nigeria. Individuals and companies with outstanding loans, blacklisted Bank Verification Numbers (BVNs), or a history of financial misbehavior are now barred from acting as PoS agents by the apex bank.



Published on October 6, 2025, the guidelines are intended to improve integrity and accountability in the agent banking system, a business that has driven Though still exposed to fraud, inadequate monitoring, and reputational risks, financial inclusion



Who Can't Work as PoS Agents

Anyone with a non-performing loan durin...