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POS Business in Nigeria: Complete Guide to Starting & Making ₦15,000–₦50,000 Daily in 2025 (Evergreen Edition)

POS Business in Nigeria: Complete Guide to Starting & Making ₦15,000–₦50,000 Daily in 2025 (Evergreen Edition)

Home › POS Business in Nigeria: Complete Guide to Starting & Making ₦15,000–₦50,000 Daily in 2025 (Evergreen Edition)
POS Business in Nigeria: Complete Guide to Starting & Making ₦15,000–₦50,000 Daily in 2025 (Evergreen Edition)

POS Business in Nigeria :)


 

POS (Point of Sale) business is one of the hottest small businesses in Nigeria right now. With millions of Nigerians going cashless but still needing quick cash withdrawals, transfers, and bill payments, POS agents are earning steady daily income – even in recessions.

Capital needed: ₦50,000 – ₦150,000 Daily profit possible: ₦15,000 – ₦50,000+ (depending on location & volume) Best for: Side hustlers, students, corpers, or anyone in busy areas

Table of Contents



Why POS Business is Still Profitable in Nigeria 2025

Nigeria's cashless policy is stronger than ever, with ₦18 trillion+ processed via POS in 2024 alone (up 69% from 2023). But ATMs are failing, banks are far, and people need cash for okada, markets, and daily life.

Key reasons it's evergreen:

  • High demand in rural/semi-urban areas (no banks nearby)
  • Low entry barrier – start with ₦50k
  • Daily cash flow (no waiting for salary)
  • Scalable – add more machines or services like airtime/bills

Even with CBN's new single-principal rule (effective April 2026), profits won't drop – just choose one strong provider early.16

Requirements to Start POS Business

You don't need a degree or fancy office – just these basics:

  1. Valid ID (NIN, Voter's Card, or Driver's License)
  2. BVN (Bank Verification Number)
  3. Bank account (personal or business)
  4. Business registration (CAC – optional but recommended, ₦20,000)
  5. Shop/kiosk in high-traffic spot (market, bus stop, school gate)
  6. Smartphone for app management
  7. Stable internet (MTN/Glo data bundle)

Pro tip: Get CAC registration for credibility – it helps with loans later.0

Step-by-Step: How to Start Your POS Business This Week

  1. Choose Your Location
    Pick high-traffic spots: Markets (e.g., Balogun), bus parks, or near offices. Avoid quiet streets. Rent: ₦10k–₦30k/month.
  2. Register Your Business
    Go to CAC portal (cac.gov.ng) – choose "Business Name" (₦10k–₦20k). Link to full guide: How to Register CAC Online in 10 Minutes
  3. Select a Provider
    See section below – apply online with ID/BVN.
  4. Get Your POS Machine
    Most arrive in 24–48 hours. Start with ₦50k float (cash to dispense).
  5. Set Up Shop
    Signage (₦5k), chair/table, power bank (₦10k for outages).
  6. Market It
    WhatsApp groups, flyers, "Cash Out Here – Fast & Safe!"
  7. Start Transactions
    Withdrawals, transfers, bills – charge ₦100–₦200 per ₦10k+.


Best POS Providers & Machines in Nigeria 2025 (With Prices)

Compare top options – focus on fees, speed, and support:

ProviderMachine PriceWithdrawal FeeSettlementBest For
Moniepoint₦21,500 (or free on targets)0.5% (under ₦20k), ₦100 flat (over)InstantHigh-volume agents
Opay₦8,500 (Mini), ₦35,000 (Full)₦20 flat transfer, 3–4.5% airtime24hrsBeginners/low fees
PalmPay₦30,0000.55% per txnInstantSmall shops
Baxi₦20,000–₦45,0001.4% processingDailyMulti-services (bills/airtime)
FirstMonie (FirstBank)Free (with account)₦15 transfer to POSInstantBank-linked

Source: Latest 2025 rates.3033 Apply at: Moniepoint.com | Opayweb.com

Full Startup Costs Breakdown (₦50k–₦150k Total)

  • POS Machine: ₦8,500–₦45,000
  • Initial Float (Cash): ₦50,000
  • CAC Registration: ₦20,000
  • Shop Rent/Setup: ₦10,000–₦30,000
  • Signage & Branding: ₦5,000
  • Data/Power Bank: ₦5,000–₦10,000
  • Misc (Float Top-Up): ₦10,000

Total for beginners: Under ₦100k. Scale up with profits.3

How Much Can You Make? Real Profit Math for 2025

Your profit = Customer fees (what you charge) - Provider commissions - Costs.

Example Day (Busy Location):

  • 50 Withdrawals (avg ₦5k each): Charge ₦100 each = ₦5,000
  • 20 Transfers: ₦50 each = ₦1,000
  • 30 Airtime/Data: 3–4.5% commission = ₦1,500
  • Total Revenue: ₦7,500
  • Minus: Data ₦500 + Provider Fees ₦500 = ₦6,500 Profit

Monthly (26 days): ₦169,000. Top agents hit ₦50k/day in Lagos markets.715

10 Proven Tips for Maximum POS Profits

  1. Charge smart: ₦100 for ₦5k–₦10k withdrawals (match local rates)
  2. Offer extras: Airtime, bills, printing (extra 20% income)
  3. Build trust: Be honest, fast – repeat customers = 70% profits
  4. Track daily: Use notebook/app for transactions/profits
  5. Reinvest: Add second machine after ₦100k savings
  6. Network: Join AMMBAN for tips/deals
  7. Security: CCTV (₦20k), safe for cash
  8. Marketing: WhatsApp blasts, "No Long Thing – Instant Cash Out"
  9. Update float daily: Partner with banks for easy top-ups
  10. Go digital: Use provider app for instant settlements


Common Challenges & How to Overcome Them

  • Network Issues: Use dual SIM (MTN + Glo), power bank essential.
  • Competition: Differentiate with speed/low fees + smiles.
  • CBN Rules: Comply with single-provider from 2026 – pick wisely now.16
  • Cash Scarcity: Build bank relationships for steady float.
  • Fraud: Verify PINs, never share details.

Final Words – Start Today!

POS isn't a get-rich-quick – it's steady, scalable money. With ₦50k and this guide, you could be earning ₦20k+ daily by next week. Bookmark & share!

Which provider are you choosing? Comment your location – I'll reply with local tips!

More Evergreen Guides on Small Business 247:

Share on WhatsApp – tag a friend who needs cash flow now! 🚀

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Posted on Wednesday, December 03, 2025 | Tags: starting a business,