Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

FIFA to break rules with 30-minute half-time show at World Cup final

July 18, 2026

Nigeria’s Ajayi defeats world champion Seville again, wins 100m at London

July 18, 2026

Oyo school children rescue: IGP honours slain Inspector, commends officers

July 18, 2026
Facebook X (Twitter) Instagram
Trending
  • FIFA to break rules with 30-minute half-time show at World Cup final
  • Nigeria’s Ajayi defeats world champion Seville again, wins 100m at London
  • Oyo school children rescue: IGP honours slain Inspector, commends officers
  • NCDMB, Heritage Energy, Graduate 14 on Back of Installation, Commissioning of Gas Lift Compressor Unit
  • FAAN To Introduce Facial Recognition System For Domestic Air Traveller
  • Tinubu signs executive order to harmonise regulation of virtual assets
  • China to provide 5000 AI training opportunities for developing countries
  • FG Files Terrorism Charges Against Three Oyo School Kidnappers
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Business»CBN gives PoS terminal providers one month to connect system to NIBSS, UPSL
Business

CBN gives PoS terminal providers one month to connect system to NIBSS, UPSL

VardiafricaBy VardiafricaDecember 13, 2025Updated:December 13, 2025No Comments13 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and Payment Terminal Service Providers (PTSPs) to implement dual connectivity for point of sale (PoS) transactions within one month, as part of efforts to strengthen transaction reliability and reduce service disruptions.

In a circular dated December 11, 2025, signed by Rakiya Yusuf, the CBN’s director of the payments system supervision department, the apex bank stated: “Mandatory Dual Connectivity –All Acquirers, Processors, and Payment Terminal Service Providers (PTSPs) shall establish and maintain active connectivity with both licensed Payments Terminal Service Aggregators (PTSAs), namely the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL).”

The directive also requires that all transaction routing systems be integrated with both aggregators to ensure uninterrupted processing and automatic failover whenever one platform experiences downtime. The CBN explained that routing systems must be able to switch seamlessly between the two providers to prevent transaction failures during disruptions.

To ensure the redundancy works effectively, the CBN further mandated periodic testing. It said: “Testing & Validation – NIBSS and UPSL, in collaboration with regulated Financial institutions, shall conduct periodic tests to validate redundancy, failover effectiveness, and overall system resilience.”

The apex bank also instructed both NIBSS and UPSL to provide immediate notice of any disruption and follow up with formal reporting to the regulator. According to the circular: “NIBSS and UPSL are required to notify Director, Payments System Supervision Department, of any system downtime or service disruption affecting its platforms and services within 24 hours of the occurrence, stating the nature, causes and remedied actions.”

The CBN added that all regulated financial institutions must meet the deadline, stressing that they are required to “comply with this directive within one (1) month from the date of this circular”.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

Tony Elumelu to retire as UBA chairman, Nnorom to take over

July 6, 2026

FG Approves free CAC Registration for 250,000 MSMEs Nationwide

June 28, 2026

Guinea-Bissau Signs MoU with United Nigeria Airlines to Launch Her National Carrier

June 15, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025347

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Sports
Sports By VardiafricaJuly 18, 20262 Mins Read3

FIFA to break rules with 30-minute half-time show at World Cup final

By VardiafricaJuly 18, 20263 Sports Updated:July 18, 202602 Mins Read

The half-time break in Sunday’s World Cup final is expected to last between 20 and…

Nigeria’s Ajayi defeats world champion Seville again, wins 100m at London

July 18, 2026

Oyo school children rescue: IGP honours slain Inspector, commends officers

July 18, 2026

NCDMB, Heritage Energy, Graduate 14 on Back of Installation, Commissioning of Gas Lift Compressor Unit

July 17, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

FIFA to break rules with 30-minute half-time show at World Cup final

July 18, 2026

Nigeria’s Ajayi defeats world champion Seville again, wins 100m at London

July 18, 2026

Oyo school children rescue: IGP honours slain Inspector, commends officers

July 18, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025347

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.