New Naira Deadline: PoS Operators Make Brisk Business

DESPITE the February 10 extension of naira note deadline, some Point of Sale (PoS) operators are taking advantage of the rush by residents of the Federal Capital Territory (FCT) to meet the new deadline for Naira swap to make brisk business.

In Abuja that some PoS centers visited by News Point Nigeria had increased their charges from a minimum of N100 to N200 for cash withdrawals.

One of the operators, Kelechi Ugwu, said they charged that much because of the rigours of queueing at Automated Teller Machines (ATM) to get the new Naira notes.

She said, “yesterday, we went to more than two ATMs to withdraw just N45, 000 and we spent almost the whole day doing that.

“So the extra charge is for the stress we go through to get the new notes.”

Another PoS operator with the business name OV De-Light, located along Airport Road, was equally seen charging N200 per withdrawal, even for as low as N2,000.

The operator, who gave her name as Christy, said they had to charge that much because of how difficult it was for them to access the new Naira notes.

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