CBN Gives PoS Terminal Providers One Month to Connect Systems to NIBSS and UPSL
The
Central Bank of Nigeria (CBN) has issued a decisive directive requiring all
Point of Sale (PoS) terminal providers, acquirers, processors, and Payment
Terminal Service Providers (PTSPs) to establish mandatory dual connectivity
with the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment
Services Limited (UPSL) within one month.
This move, announced in a circular dated December 11, 2025 and signed by Rakiya Yusuf, Director of the Payments System Supervision Department, is aimed at strengthening Nigeria’s cashless payment ecosystem and addressing persistent transaction failures.