Nigeria, Dec. 12 -- The Central Bank of Nigeria has issued a fresh one-month deadline for banks, acquirers and payment service providers to fully activate dual connectivity on all Point of Sale terminals.

The directive, contained in a circular signed by the Director of Payments System Supervision, Rakiya Yusuf, was released on December 11 and updates an earlier framework issued in September 2024.



The News Chronicle gathered that the new directive is intended to end persistent single-channel failures that have repeatedly disrupted PoS transactions across the country. Senior industry sources said the regulator is prioritising system stability ahead of the 2026 compliance cycle.



Under the policy, all processors and Payment Terminal ...