Top 5 POS Machines for Small Businesses in Nigeria (2025 Review)
Cashless transactions are now the lifeblood of small businesses in Nigeria. From retail stores and restaurants to shopping malls and even roadside kiosks, everyone is embracing digital payments. For small businesses wey no get large capital or staff, every second and every naira counts. That’s why choosing the right POS, one that won’t hang or […]
How to Calculate POS Profits in Nigeria (Daily, Monthly & Real Examples)
You’ve probably heard that people are making “up to ₦5k to ₦15k daily” from their POS hustle. But how much of that is actual profit? And how can you confidently calculate yours? This guide is your no-fluff, beginner-friendly walkthrough to understanding profits in the POS business. We’ll break it down step by step, from revenue […]
How to Operate a POS Machine: The Beginner’s Guide
Accepting various payment methods is very important now in this digital age, and if you’re just starting with digital payments or upgrading your system, POS machines might seem tricky. You might be worried about mistakes or things going wrong. I mean, what if you make a mistake during a transaction? Or how can you avoid […]
When ₦1.2 M Feels Like Pennies: How the Daily Cap Limit is Reshaping Agency Banking
Just imagine walking up to your local POS agent to withdraw cash, only to be told, “Sorry, I’ve reached my limit – please come back tomorrow.” This is the new reality for Nigeria’s agency banking. In December 2024, the Central Bank of Nigeria (CBN) introduced a rule limiting daily withdrawals to ₦1.2 million per POS […]
7 Lucrative Business Idea in Nigeria to Start with 500k
With the current state of the Nigerian economy, rising inflation, fluctuating naira value, and the ever increasing unemployment rate, many aspiring entrepreneurs feel stuck.The fear of financial loss, limited capital, and unstable market conditions stop one from launching that business idea they have been dreaming about. I have been in this phase and I was […]
Who Is a POS Agent? Understanding Roles and Responsibilities
In today’s fast evolving digital economy, Nigeria continues its journey towards financial inclusion. One key player championing this course is the POS agent, bridging the gap between banks and the unbanked, and delivering essential financial services where traditional institutions fall short. Who exactly is a POS agent? What do they really do, and why are […]
7 Common Mistakes to Avoid as a POS Agent in Nigeria
Since its inception in 2013, POS business has experienced exponential growth across Nigeria, becoming a vital tool in expanding financial inclusion. The increasing demand for convenient banking alternatives has paved way for more individuals becoming POS agents. However, it has also exposed many operators to pitfalls that can hurt their profitability and legal standing. Avoiding […]
10 Smart Services to Add to Your POS Business in Nigeria (and Earn More!)
POS businesses play a key role in offering financial services where regular banks can’t reach. New figures show POS transactions in Nigeria hit ₦18 trillion in 2024 up 69% from ₦10.7 trillion in 2023. As more POS businesses pop up, you need to stand out and adding new useful services can help you get more […]
POS Charges in Nigeria: A Comprehensive List for 2025 (+ How to Save)
Imagine needing cash urgently, but the nearest ATM is miles away—and even if you find one, it’s out of service. This is the reality for millions in Nigeria, where POS (Point of Sale) terminals bridge the gap in financial access. But here’s the problem: rising transaction costs are squeezing wallets harder than ever. This article […]
How POS Business Works in Nigeria (And 7 Steps to Start Profitably)
In most parts of Nigeria, what’s faster than heading to the bank?Asking “Where the next POS dey?” The kiosk at the junction, the woman under the umbrella near Mama Dami’s shop, the guy with a branded POS banner sitting behind a small table, they’re the real backbone of everyday banking. They make withdrawals possible at 6:40 […]
