The Central Bank of Nigeria (CBN) has updated its rule on POS machines, and this time the focus is on where your POS is allowed to operate from. From August 1, CBN geo-fencing rule says all POS operators must ensure their machines are geo-tagged, meaning each POS is...
Fake alert are fairly common. A customer sends money, shows you the alert, and says, “Check it, I don send am.” Everything looks correct. And because you don’t want to delay, you’re about to release cash or goods. Stop there, it may be fake alert. This is exactly how...
If you run a small business, you have probably asked this question before. What is the best payment option is best for your small business? Should you use a POS terminal, a mobile app, or both? Maybe you own a shop. Maybe you sell foodstuff at the market. Maybe you...
A fake transfer alert scam does not happen to only POS agents. It happens to people that sell clothes, provisions, phones… even food. A customer came in, picked up a few items, and said he wants to pay by transfer. He shows you the alert on his phone. Everything...
Building a business emergency fund in Nigeria is one of the most important financial decisions you can make as a small business owner, yet it is often ignored until it is too late. In December 2025, a fire outbreak at Balogun Market destroyed shops and goods worth...
