Start POS Business in Nigeria | The POS (Point of Sale) business has become one of the most profitable small-scale ventures in Nigeria. With the rise of cashless transactions, bank queues, and cash scarcity, Nigerians are constantly in need of quick access to cash and transfers.
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If you’ve been thinking of starting a POS business in 2025, this guide will walk you through the startup requirements, capital needed, and strategies to make it profitable.
Why POS Business is Profitable in Nigeria
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High demand due to bank network issues and long queues.
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Daily cash flow — people withdraw, deposit, and transfer every day.
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Flexible — can be run from a shop, kiosk, or even roadside stand.
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Low barrier to entry — you don’t need millions to start.
How Much Do You Need to Start a POS Business in 2025?
Starting capital depends on location, but on average:
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₦100,000 – ₦300,000 is enough for most beginners.
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This covers: POS machine purchase/rental, cash for transactions, a small kiosk, and branding.
Step-by-Step Guide to Starting a POS Business
1. Get a POS Machine
You can obtain a POS machine from banks or licensed fintech companies like:
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First Bank
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Zenith Bank
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Access Bank
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Opay – CLICK to “Create Opay Account”
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PalmPay – CLICK to “Create Palmpay Account“
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Moniepoint – CLICK to “Create Moniepoint Account“
Most fintechs charge a ₦20,000 – ₦40,000 caution fee before issuing the device.
2. Choose a Good Location
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Busy areas such as markets, motor parks, university gates, or residential neighborhoods.
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Avoid hidden areas — visibility increases trust and customer flow.
3. Register Your Business (Optional but Recommended)
Registering with CAC (Corporate Affairs Commission) helps build trust and makes it easier to scale in the future.
ALSO CHECK: Best Low Capital Businesses to Start in Nigeria (2025)
4. Get Enough Cash (Liquidity)
You need cash to meet customer withdrawals.
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Start with ₦50,000 – ₦200,000 float depending on your capacity.
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Build trust with nearby shops or traders who can help you with emergency cash swaps.
5. Understand Charges & Profits
POS agents earn through transaction fees:
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Withdrawal: ₦100 – ₦300 per transaction (depending on amount).
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Transfer: ₦50 – ₦100 per transaction.
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Daily profit can range from ₦5,000 – ₦20,000, depending on location.
6. Build Trust & Customer Service
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Always be polite and transparent with charges.
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Avoid fraudulent practices.
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Offer extras like airtime recharge or bill payments to increase income.
Challenges to Expect
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Network downtime (delayed transactions).
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Security issues (robbery, fake transfers).
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High competition in some areas.
CHECK ALSO: Phone and Gadget Business vs Shoe and Slippers Business in Nigeria (2025 Comparison)
Final Thoughts
The POS business is one of the fastest-growing ventures in Nigeria in 2025. With the right location, good customer service, and proper financial management, you can grow from a single POS stand into a full agent banking outlet within a short time.
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