Nigerian POS Vendors Protest CAC's Deadline Amid Fintech Blacklist Threat

Nigerian POS vendors are resisting the Corporate Affairs Commission's (CAC) directive to ban unregistered operators by January 1, 2026. Vendors argue that their existing business names already cover POS services and express concerns over profit margins and potential disruptions.

CAC plans to blacklist fintech companies supporting unregistered POS operators, sparking worries about the future of the industry. The vendors emphasize the importance of compliance while questioning the necessity of separate registrations for POS operations.