CBN MANDATES DUAL PoS CONNECTIVITY WITHIN ONE MONTH
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BY JENN NOMAMIUKOR
The Central Bank of Nigeria (CBN) has told all banks, payment card companies, and payment service providers to make sure their Point of Sale (PoS) systems use two connections at the same time. This must be done within one month.
The order was signed by Rakiya Yusuf, who is in charge of payments system supervision, on December 11, 2025.
It changes a policy that was introduced in September 2024.
The reason for this change is to fix the problem when PoS systems stop working because they only use one connection.
The new rule says that all payment card companies, processors, and companies that provide payment terminals must have working links with both the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL).
“This dual connectivity is intended to reduce dependence on any single aggregator and stabilise the country’s payment infrastructure.
“To ensure readiness, the apex bank has mandated periodic redundancy and failover tests. NIBSS and UPSL must work with regulated institutions to confirm that systems can support uninterrupted service, with results forming part of CBN’s ongoing oversight,” the statement read.
“NIBSS and UPSL must notify banks immediately during any downtime and submit a detailed incident report to the Payments System Supervision Department within 24 hours, outlining the cause, impact, and corrective actions taken,” the statement added
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