The Nigerian government has ordered all point-of-sale operators in the country to register their businesses with the Corporate Affairs Commission in two months, which aligns with the Central Bank of Nigeria's requirements.
The Nigerian government has ordered all point-of-sale operators in the country to register their businesses with the Corporate Affairs Commission in two months, which aligns with the Central Bank of Nigeria's requirements. According to a recent statement from CAC , the decision was reached on Monday after a meeting between Fintechs and the Registrar-General CAC , Hussaini Ishaq Magaji, in Abuja.
'The Corporate Affairs Commission and fintech companies in Nigeria, better known as PoS operators, have agreed to a two-month timeline to register their agents, merchants, and individuals with the CAC in line with legal requirements and the directives of the Central Bank of Nigeria.
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