The Central Bank of Nigeria (CBN) has announced a significant regulatory change for Point of Sale (PoS) operators, expanding the operational radius from 10 metres to 70 metres. This adjustment, effective from a circular dated May 29, 2026, aims to provide greater flexibility for payment agents and merchants while maintaining oversight to prevent fraud. The compliance deadline for the new geo-fencing framework has been extended to August 1, 2026, allowing payment companies additional time to meet the requirements. The PoS sector in Nigeria has seen explosive growth, with approximately 8.36 million registered terminals and transaction volumes reaching ₦10.51 trillion in the first quarter of 2025. However, this rapid expansion has raised concerns about potential fraud and misuse of terminals, prompting the CBN to enforce strict registration and compliance measures. The latest changes reflect the CBN's efforts to enhance the operational environment for PoS services while ensuring the integrity of financial transactions.