₦airaland Forum

The Corporate Affairs Commission (CAC) has announced a regulatory move to sanitise Nigeria’s rapidly expanding Point of Sale (PoS) industry, declaring January 1, 2026 as the enforcement date for mandatory registration of all PoS operators nationwide.

In a public notice signed by the Commission’s management, the CAC expressed concern over the rising number of unregistered PoS operators conducting business in violation of the Companies and Allied Matters Act (CAMA) 2020 and the Central Bank of Nigeria (CBN) Agent Banking Regulations.

According to the Commission, the proliferation of unregistered operators often enabled by some fintech companies poses significant risks to Nigeria’s financial system and exposes citizens to fraud and investment losses.

Effective January 1, 2026, no PoS operator will be permitted to run without proper CAC registration. Security agencies have been directed to enforce nationwide compliance, including: Seizure or shutdown of unregistered PoS terminals, monitoring and enforcement actions against non-compliant agents and watchlisting of fintechs enabling illegal PoS operations, with reports forwarded to the CBN.

“This reckless practice often enabled by some EFFECTIVEfintech companies puts Nigeria’s financial system and citizens’ investments at risk. This must stop.

“1 JANUARY 2026, No PoS operator will be allowed to operate without CAC registration.

Security agencies will enforce nationwide compliance. Unregistered PoS terminals will be seized or shut down by Security Officials.

“Fintechs enabling illegal operations will be placed on watchlist and reported to the CBN. All operators are advised to regularize immediately. Compliance is mandatory,” the notice stated

The Commission emphasised that compliance is mandatory and urged all operators, sole agents, super agents, and aggregators to regularise their businesses immediately.

In July 2024, the CAC extended the initial registration deadline for PoS operators from July 7 to September 5, following the expiration of a 60-day window earlier announced for business registration.

By September 2024, the Commission reiterated its warning after many operators failed to comply, stressing that formal registration was necessary to strengthen accountability, curb fraud, and enhance consumer protection in the agent banking sector.

The CAC assured the public that the clampdown is part of broader efforts to safeguard the integrity of Nigeria’s financial ecosystem and protect millions of citizens who rely on PoS services for daily transactions.

Source: https://businessday.ng/news/article/cac-mandates-pos-registration-by-january-1-2026/

Good. Those criminals have been taking advantage of in proper registered POS operators.

Good initiative.

We have more than 50 Million POS operators in this country.

This government is very tax effective. That's literally the only aspect they are good at

If e reach terroriists... Them go turn to deaf and dumb

With this move and clamp down on pyhiscal cash , all those retail outlets not paying tax can be audited .

Also VAT collection at POS retail outlets can now be achieved .

PissInside:
Good initiative.

We have more than 50 Million POS operators in this country.

How's it a good initiative? I hope you're not just another government paid praise singer?

Pos is registered with someone bvn and nin , so what is the problem again

IPDGP:
Pos is registered with someone bvn and nin , so what is the problem again

If you ask me na who i go ask??

This tinubu gov are always effective in taxation and other inconsequential tinz except insecurity.

The tax master is at it again, higher POS charges loading...

PissInside:
Good initiative.

We have more than 50 Million POS operators in this country.

Una go just call figures anyhow, so tey person go dey wonder which school una go.

50Million PoS Operator ke?
How many we dey for Nigeria, wen PoS Operators go reach 50Milloin?

That’s a good one. Let’s stop money laundering by any means possible

theophorus:
Una go just call figures anyhow, so tey person go dey wonder which school una go.

50Million PoS Operator ke?
How many we dey for Nigeria, wen PoS Operators go reach 50Milloin?

The thing shock me ooooo...na to just dey cook up figures from him bed room.

government of trial and error


Shame on you Mr Tax master and and your tax soldiers!

When Tinubu led regime trying all to tax everybody even the palmwine tapper without knowing how to announce it to the public because of backlash, hence the mentioned of fintech as a pretext! I only pity people who still have intentions of voting Tinubu come 2027. His second time will be hell for Nigerians if reelected. As for me and my household in Ondo State, we declare Tinubu not fit for second time as a president

Make this CAC getat here abeg, wetin be all these threats?

Go to hell CAC.

Another draconian law that will lead to more hunger, POS hustle loss and unemployment

Nigeria, land of yeye opportunities. Imagine selling of money a business. It can only be Naija, no other country in the world sells money to people.

Reading some people's comments, you don't need to say anything than just whaoo...

Seriously, Nigerians are the only set of people that can survive in Nigeria.

Ok


But they should be given time for the registration ,



And make it affordable for them





Prncess Faith Chukwuamaka

E go reach everybody las las

theophorus:
Una go just call figures anyhow, so tey person go dey wonder which school una go.

50Million PoS Operator ke?
How many we dey for Nigeria, wen PoS Operators go reach 50Milloin?

These are Tinubu's Data Boys, they're in all platforms. Their job is to give legitimacy to whatever their Óga does.
Some of them have more than five monickers here.
Just watch, any thread here receives their attention in seconds. Showing that they don't have another job.

THIS WILL HASTEN THE COMPLETE COLLAPSE OF THE RESILENT INFORMAL ECONOMIC SECTOR
THE FORMAL SECTOR IS ALREADY DEAD ... IF THE INFORMAL DIES.. THATS IS THE TOTAL COLLAPSE OF THE ECONOMY

IPDGP:
Pos is registered with someone bvn and nin , so what is the problem again

I'm confused too because POS are linked with banks. Besides, I thought CAC has to do with registering of companies or firms. There is something fishy about their intentions. Instead of making a bold claim that they want to start tasking POS agents, they are beating around the bush.

PerfectStranger:
If you ask me na who i go ask??

This tinubu gov are always effective in taxation and other inconsequential tinz except insecurity.

it is not even about taxation, it is about APC government deliberately manufacturing hardships and suffering for the people at every opportunity, remember cashless, remember currency swap,remember nin,remember enforcing telecoms to re enroll nin,and now this pos that will cause unemployment and reduce income to operators that even manage to register because of 500k weekly withdrawal
If you look at all this there has been no respite for Nigerians since they came onboard, and they have never achieved anything reasonable for which these useless policies were introduced, they just suffered and waste everybody's time

MORE BUSINESS FOR CAC AGENTS, GOOD ONE FOR THEM. MORE TAX INCOME FOR THE EVER TAXING GOVERNMENT. THIS GOVERNMENT IS THE CHIEF SPECIALIST IN TAX MANAGEMENT.

ONE MAN'S PAIN IS ANOTHER MAN'S GAIN. LET THE LEVEL OF HARDSHIP JUST KEEP INCREASING AND MORE BUSINESSES KEEP WINDING UP.

theophorus:
Una go just call figures anyhow, so tey person go dey wonder which school una go.

50Million PoS Operator ke?
How many we dey for Nigeria, wen PoS Operators go reach 50Milloin?

haha

Country get more than 50 na. E fit reach

This is not right, POS are issued by establishment already registered with CAC.
Most POS comes from banks and Banks are already registered with CAC

WHY are they trying to attack petty businesses? How much is POS operators making that you want to double tax them?

The banks banks who own the POS are already having CAC. Asking pretty businesses to come and register the POS is like collecting double money from them which the bank has already charged

PissInside:
Good initiative.

We have more than 50 Million POS operators in this country.

Bros baba. How is that possible?

Truvelisback:
I'm confused too because POS are linked with banks. Besides, I thought CAC has to do with registering of companies or firms. There is something fishy about their intentions. Instead of making a bold claim that they want to start tasking POS agents, they are beating around the bush.

The terminal s are already properties of a fin tech micro finance bank, the uses already registered it with their bvn and nin, what's the real aim of the registration, to catch criminals you already have their bvn which gives you access to all their accounts Nation wide, this government has an hiding agenda for the TIN and CAC registration, which is more direct taxing of our accounts without our permission just like the #50 on every 10,000 and above may God help us

Would you give us the POS or has cash become illegal in Nigeria?

Great100000:
Source: https://businessday.ng/news/article/cac-mandates-pos-registration-by-january-1-2026/

Instead sending law enforcement agents, can't the POS be shut down automatically pending when the details of registration is tendered.