The Federal Airport Authority of Nigeria (FAAN) has adopted a hybrid toll system after President Bola Tinubu ordered temporal suspension of the cashless policy rollout. Minister of Aviation and Aerospace Development, Festus Keyamo, had announced that the President’s directive, given during the Federal Executive Council meeting on Wednesday, was prompted by the chaos that arose …
President Bola Tinubu has ordered temporal suspension of the new cashless policy introduced by the Federal Airport Authority of Nigeria (FAAN) at access gates of airports across the country. Minister of Aviation and Aerospace Development, Festus Keyamo, said President Tinubu gave the directive during the Federal Executive Council meeting on Wednesday, March 4. In a …
The Central Bank of Nigeria (CBN) has unveiled significant updates to its cash management policies, effective January 1, 2026. These changes are part of the bank's ongoing efforts to improve cash handling, enhance security, and promote the wider adoption of electronic payment methods for greater convenience and safety. These revisions, aimed at streamlining cash operations …
