The cost of Point-of-Sale (PoS) terminals in Nigeria has surged between 2023 and 2025, with increases ranging from 30% on the low end to as much as 100% for high-end devices.
The jump, driven by inflation, foreign exchange pressures, and higher logistics costs, is reshaping the business model of Nigeria’s fast-growing agency banking sector.
While entry-level PoS machines that once cost about N15,000–N20,000 now go for around N21,500, more advanced Android and smart terminals have doubled in price, rising from N30,000–N40,000 to between N62,000 and N85,000.