Economy
How to Sell with SquadPOS
As the world moves toward more mobile POS and contactless payment options, we saw the need to create an affordable and reliable payment solution that all kinds of businesses can take advantage of — whether micro, small or large. Therefore, SquadPOS was created — to make receiving payments quicker, easier, and more reliable, so that you can get paid on the go!
Let’s look at how it works and its benefits to businesses like yours.
What is SquadPOS?
SquadPOS is a new technology that allows business owners to turn their NFC-enabled android phones into POS terminals. This means that with SquadPOS, you can now accept cashless payments with your mobile devices for your business, with no additional hardware such as physical POS devices required. Essentially, businesses can now avoid the hassles of managing cash payments, long checkout queues, and incurred costs on POS hardware. Simplified payments for everyone!
As an application, SquadPOS is currently supported on Pixel, Nokia, Huawei, and Samsung devices, and is compatible with NFC-enabled Visa and Mastercard cards. Download on Google Play Store here to get started.
What can your business do with SquadPOS?
· You can manage payments, transaction histories, and e-receipts on the app.
· Receive payments in-store or anywhere.
· Never lose track of a transaction with our robust transaction history feature.
· Export your transactions for easy auditing, reconciliation, and reporting.
· Share e-receipts with customers for every transaction at no cost.
What are the benefits of using SquadPOS over POS machines?
· No additional hardware or maintenance costs are required! With SquadPOS, your NFC-enabled mobile device is all you need.
· Use SquadPOS on more than one device: You can create multiple terminals on different devices and in different locations.
· See all your transactions in real-time: SquadPOS automatically synchronizes the payments from the various devices into one comprehensive dashboard, so you can track, reconcile, and manage your revenue at a go!
· Never miss a sale: Now, you can accept card payments from your customers even if you don’t have a hardware POS terminal from a bank.
Who can use SquadPOS?
SquadPOS is perfectly suited for any merchant who can receive payments with a card — be it a restaurant, boutique, hair salon, delivery service, cab driver, anyone! It’s easy and convenient to receive payments on the go with your SquadPOS in your pocket.
Ready to start accepting payments with SquadPOS? Here are the steps you need to take:
· Get started:
· Download SquadPOS from Google Play Store on your NFC-enabled device.
· Launch the app! New and existing Squad users can click the sign-up button.
· Provide your registered email and the system will authenticate you.
· Complete the steps shown and your terminal will be created within 48hours.
· Start accepting payments:
· Launch the app and click on the login button.
· Provide your registered email address and authenticate.
· Create your password, then continue.
· Select the menu and the Purchase icon.
· Enter the transaction amount.
· Tap your customer’s NFC-enabled card behind your device.
· Payment successful! It’s that easy.
· Share the receipt with the customer via email or SMS
With SquadPOS, you can receive card payments with just one tap, allowing you to sell to more customers faster than ever. It’s that easy! Now, you can evolve and speed up your customers’ in-store payment experiences with SquadPOS to make them satisfied with your service and keep them coming back.
Download SquadPOS on Google Play Store and get started today. For additional information, visit www.squadco.com, or contact our support team at he**@*****co.com.
By Adedapo Adesanya
The National Pension Commission (PenCom) has defended its decision to allow Pension Fund Administrators (PFAs) to invest in the parent companies of their custodians, insisting that adequate safeguards are in place to protect contributors’ funds.
The director-general of the pension regulator, Ms Omolola Oloworaran, speaking on Tuesday during the Meet the Press Briefing at the Presidential Villa, Abuja, said the commission’s decision to relax the investment restriction followed a comprehensive risk assessment that found minimal conflict of interest.
She explained that under PenCom’s investment regulations, PFAs are only permitted to invest pension assets in carefully selected instruments that meet stringent criteria, including profitability, strong credit ratings and proven track records.
According to her, the commission regularly reviews its investment regulations, conducts routine examinations and spot checks on PFAs to ensure strict compliance with established risk management guidelines.
“PFAs cannot just go into the stock market and buy any kind of stock. There are strict guidelines. Companies must demonstrate profitability, have a proven track record and satisfy other criteria before pension funds can invest,” she said.
Ms Oloworaran noted that each PFA also operates under the oversight of a board, an investment committee and a risk management committee, providing additional layers of governance to safeguard contributors’ funds.
She said PenCom recently issued a circular allowing PFAs to invest in the parent companies of their custodians after determining that the potential conflict of interest was negligible.
The PenCom boss explained that the parent companies involved are largely Tier-1 banks, including First Bank, United Bank for Africa (UBA) and Zenith Bank, which she described as A-rated institutions with strong financial foundations.
She said the policy was intended to widen investment opportunities for pension funds without compromising safety.
Using Stanbic IBTC as an example, Ms Oloworaran explained that if its custodian is Zenith Bank, the previous restriction prevented the pension administrator from investing in Zenith Bank shares despite the bank’s strong performance.
“We reviewed the risks and any potential conflict of interest and found the risks to be very low. That is why we opened that investment window,” she said.
By Aduragbemi Omiyale
Analysts at Meristem Research have predicted that the inflation rate for June 2026 in Nigeria should marginally rise to 15.95 per cent on a year-on-year basis from the 15.93 per cent reported in May 2026.
The National Bureau of Statistics (NBS) is expected to release inflation numbers for last month later today, Wednesday, July 15, 2026.
In its report sighted by Business Post, Meristem Research said it expects inflationary pressures to re-emerge across key economies in the near term, as the re-escalation of the US-Iran conflict has reignited upward pressure on global oil prices.
It disclosed that this marks a sharp reversal from most of June, when the ceasefire between the two countries helped drive oil prices lower, raising expectations of some relief on the inflation front.
With conflicts now flaring up again, oil prices are likely to increase again, and the anticipated easing in energy-driven inflation may not materialise as broadly as earlier envisaged.
“Nonetheless, some relief is likely from the food segment, where robust supply conditions across major producing regions and softening demand should continue to ease food price pressures,” it stated.
The team also explained that it projected a 15.95 per cent inflation rate because of the lingering effects of persistent food price pressures.
“However, we expect core inflation to moderate as the sharp reversal in energy prices begins to filter through to transportation, distribution, and other energy-related costs, easing underlying price pressures.
“On a month-on-month basis, the combined effect of lower petrol prices, a relatively stable Naira, and the gradual pass-through of reduced energy costs across the supply chain should exert further downward pressure on inflation.
“Based on our assessment, food inflation is expected to remain the key swing factor, as seasonal pre-harvest supply constraints are likely to offset some of the gains from lower logistics costs,” it said.
By Adedapo Adesanya
The duo of Central Securities Clearing System (CSCS) Plc and Afriland Properties Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.61 per cent on Tuesday, July 14.
CSCS Plc saw its stock value drop N9.08 to close at N82.40 per share compared with the preceding session’s N91.48 per share, and Afriland Properties Plc slid by 17 Kobo to sell at N15.00 per unit versus N15.70 per unit.
The losses recorded by the two securities pulled back the market capitalisation by N41.64 billion to N2.546 trillion from N2.587 trillion, and cracked the NASD Security Index (NSI) by 69.36 points to 4,242.31 points from 4,311.67 points.
It was observed that the exchange witnessed two price advancers during the session, led by FrieslandCampina Wamco Nigeria Plc, which gained N1.37 to end at N151.37 per share compared with the previous day’s N150.00 per share, and Food Concepts Plc chalked up 5 Kobo to settle at N2.50 per unit versus N2.45 per unit.
The volume of securities traded by market participants surged by 50.7 per cent to 13.7 million units from the previous 9.1 million units, while the value of securities went down by 79.7 per cent to N65.2 million from N320.4 million, and the number of deals crashed by 3.6 per cent to 27 deals from the previous session’s 28 deals.
At the close of transactions, Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with the sale of 3.4 billion units for N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc, which exchanged 2.3 billion units valued at N6.5 billion, and CSCS Plc with 73.9 million units transacted for N5.2 billion.
GNI Plc also closed the trading day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units valued at N415.7 million.
