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Point of Sale (PoS) operators are feeling the pinch of a nationwide cash shortage, forced to buy cash at inflated rates from traders due to limited withdrawals from banks. This scramble for cash is shrinking their businesses, raising concerns about the broader impact on the Nigerian economy. Banks across the country have been grappling with […]

Nigeria’s Point of Sale (PoS) operators are facing a new challenge: a severe shortage of naira cash at banks. This has forced them to return to buying cash from traders and petrol station attendants, often at inflated prices. As a consequence, PoS operators have been compelled to increase their transaction charges by 100%, charging up […]