CAC Deadline Creates Trouble for PoS Operators in Nigeria

The Corporate Affairs Commission (CAC) in Nigeria has issued a deadline for Point of Sale (PoS) operators to register their businesses, aiming to bring transparency and accountability to the booming agent bank ecosystem. However, many operators are resisting the mandatory registration, citing costs and administrative burdens.

The CAC's bulk registration initiative seeks to streamline the process and address concerns of regulatory oversight. Despite the deadline extension, compliance remains low, with many operators facing legal threats for non-compliance.

The move highlights the challenges faced by micro-entrepreneurs in the PoS sector.