CBN Set New Rules for POS Agent Banking in Nigeria

Nigeria’s central bank just dropped new rules that’ll change how agent banking works, making things stricter for the POS guys. These rules make agent banking safer, clearer, and better for getting more people into the financial system. That is, you can only work with one bank or fintech company.

Therefore, starting April 1, 2026, a POS agent will only work with one financial institution. This special rule helps stop scams, keeps a closer eye on things, and makes sure everyone knows who’s responsible.

What’s New in the CBN Rules for POS Agents

Agents can still do things like deposits, withdrawals, transfers, and bill payments, even with the new setup. But the job of super agents has changed. They can’t work as agents too. Their job is to supervise the networks, not to handle transactions.

Each agent has to be connected to one principal, usually a bank, and one super agent. However, super-agents can have many clients. This new setup, the CBN says, will make it easier to know who’s in charge and stop things from getting confusing and breaking the rules.

As an agents, you have to choose from this list of the best POS machines in nigeria.

Agents need to meet tougher standards.

The rules for agents to join are now stricter. You can’t have any loan defaults in the past year, a criminal record, or a blocked BVN. They can’t just wander around; they need a base, like a shop or kiosk.

Plus, agent banking needs to be totally separate from the rest of the business. For instance, if a store is an agent, it needs to keep sales and banking separate.

To keep customers safe, the CBN tells banks to be fair to all cards and show all fees clearly. Make sure agents have their bank or super agent’s name, logo, service list, and complaint contact info visible.

New Roles and Transaction Limits

There’s a new type of participant now: Payment Terminal Service Aggregators (PTSAs). PTSAs are to register and finding the location of every POS terminal in the country to help monitor devices and fight fraud.

They’ve also set daily and weekly spending limits to help manage risk. You can send or receive up to ₦100,000 daily or ₦500,000 weekly if you’re a customer, while agents can cash out a maximum of ₦1.2 million per day.

Enforcement and Impact

The CBN can give fines, check up on, or cancel licenses for rule breakers. Banks or big agents who don’t watch their systems could get shut down.

The CBN’s new rules are a big move to control Nigeria’s agent banking, according to analysts. Even though some POS operators might have a problem with it, regulators say it will help make digital finance safer, protect consumers, and keep people accountable.

64 thoughts on “9 Legit Online Business That Pays You Daily in Nigeria 2025”

  1. Well done, Oluboba.

    Please how can I make money with SEO?

    It’s something I am really interested in.

    • Oluboba Ayodeji

      Good to know you have an interest in making money with SEO.

      To be successful today, you need to be smart, strategic, and in tune with what searchers want.

      Below is a little step guide on how to make money with SEO.

      1. Build a website
      2. Produce high-quality content with search intent at heart.
      3. Engage and inspire your users that they share your brand.
      4. Position as the go-to expert in any SEO related by giving more.
      5. Charge a professional fee and enjoy the works of your labour.

      The article on how to start a small business online should help also.

      Thank you, Abdul.

  2. Wow! Another very valuable information.

    I appreciate you sharing it. Peace and blessings Sir Oluboba.

    • Oluboba Ayodeji

      Same Here!

      Thanks, Deborah. I am glad you find the article helpful.

  3. “In wealth building, your health is the foundation and relationships the key. You will go far as much as these two can take you.”

    Please, can I use your quotes above?

    • Please feel free.

      Thank you, Reim, for finding the quotes worthy of reference.

  4. The freelance writing business is something I am interested in.

    Though, I have started in the health niche but challenging to get clients.

    Do you know what I can do?

    • One way that helps is you getting across to companies that need your service. Don’t wait for them to call – they don’t know you are good at what you do.

      So, go get the email of a key profile in the company, write and press the send button.

  5. Making money is easy when you do investment. Don’t save your money, buy assets then invest

  6. “As a beginner, you too can make money online”

    This line instilled so much confidence in me after so many years of procrastination.

    Podcast seem interesting…

    I will make my due research and get back to you.

    Thanks for believing in those of us just starting, Oluboba.

    • And thanks for believing in those of us following you just starting. I wish you the best in your podcast. Do let me know when you start.

  7. I am of the opinion everyone should be a social media influencer.

    At least for the very reason you use the platform, you should build a community on it.

    This is way you having fun and still making money.

  8. When I started making money online in 2014, it was with blogging – AdSense.

    Today I can boast of 7 different online incomes.

    What am I trying to say, “Stop waiting to start.”.

    We learn more with actions than with dreams.

    That’s it.

    Thank you, Oluboba for this wonderful piece.

    • We learn more with actions than with dreams.

      You have said it all.

      Thank you, AG.

    • Sir/ma.

      I celebrate your achievement…

      It is my prayer that some day also, I can boast of different passive stream.

      Where I can have more time for God and family.

      Help me Lord! Amen.

  9. WordPress has made starting an online business easy.

    That everyone can afford a blog.

    • Yes! Everyone can afford to start a blog. The main concern is, how many can maintain!

      Thank you, Abimbola.

  10. There is actually money in freelance writing.

    But be ready to see your work bring others fame while you remain at the shadow.

    • Yes, You are right, Favour.

      You can discuss with your client if they would like to include you as an author even at a reduced price. This way you expose your brand to a larger audience.

  11. Hey! Oluboba.

    I appreciate your articles – detailed and impacting.

    But I have a question?

    I am currently in a full time time job with good pay – at least compare to mates in other companies.

    My question, what would you recommend I do from this list of online businesses?

    I seriously need your help as I have felt handicapped for too long…

    Thank you.

    • The question is, “Which of the online business aligns most with your strength?”

  12. Thanks Oluboba, this is a beautiful article.

    How possible can one do these online businesses having a day job?

    • It is possible because there others doing it. You can start with buying wholesale and selling online. This way you understand how it works and time schedule proper.

    • To the best of my knowledge, they are legit. At least I registered with them in 2017. Yet, do your own findings.

  13. Hi! Oluboba.

    I read your article and I must confess, it’s awesome.

    As a breastfeeding mother, what can I do to start earning, no matter how little it is.

    • Why don’t you start a lifestyle blogging, teaching women how to manage parenting with career? Think about it, Mum Ozil.

    • Hi, Rakiya. I would preferred you mention which of these online businesses you want to start so I can be specific with the steps you need.

  14. How can I start a blogging business with creative writing skills on articles and other writing ways

    • Hi, Comfort.

      1. Identify your style of writing and what category you flow most with.
      2. Select an industry and focus on a smaller niche.
      3. Get your website designed, and optimized for Google ranking.
      4. Start writing – don’t aim to be perfect, just keep writing.
      5. Analyse and make changes using website data.

      Warm regards,
      Oluboba.

  15. Is there any other article on the internet with so much depth as this?

    I doubt.

    Well done, boss.

    • Exactly! It takes love for the people to write such a wonderful piece.

      Thanks, Oluboba.

    • Hi Christian!

      In your free time, try and read the article again so you best understand what it entails and how you go through it.

      • Hello Hamid,

        I have only listed online businesses you can do. I am not promoting any platform, so there is no need to register.

        Go through each one again and see which is best for you.

        If you need me to help one on one, you can contact me here.

  16. Please the girl that writes article where does she write them like the platform

    • Hi, Ose I had to reach out to her to know how she has been getting her previous clients. She promised to reply your comment soon.

  17. Thank you for this article. You have woken up ideas in me. I sell my products mostly on my WhatsApp Status and it’s been quite frustrating.

  18. I gotta say, quite comprehensive, not wearily voluminous but really detailed. You really did your home work, Mr. Oluboba.

  19. learn health way

    Usually I do not read article on blogs however I would like to say that this writeup very compelled me to take a look at and do so Your writing taste has been amazed me Thanks quite nice post

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