Despite years of implementing cashless policy with the promotion of electronic payments, Nigerians continue to hold a significant amount of money outside the banking system. Latest figures from the Central Bank of Nigeria (CBN) showed that currency outside banks rose to N5.19 trillion in May 2026, underscoring the persistent dominance of cash ...
•Keyamo and MMIA The Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that there is no going back on the implementation of the cashless policy at all revenue points at the airports. The minister, while noting that the hybrid system currently in place was temporary, added that the federal government will soon transition...
President Bola Tinubu has approved the suspension of the cashless toll payment system introduced by the Federal Airports Authority of Nigeria (FAAN) at major airports across the country. On March 1, 2026, the airport authority barred cash payments at toll gates, requiring motorists to use prepaid access cards or electronic payment channels, re...
•Murtala Muhammed International Airport (MMIA) There was gridlock at the tollgate area of the Murtala Muhammed Airport (MMA), Lagos, yesterday, following the commencement of a new cashless payment policy by the Federal Airports Authority of Nigeria (FAAN) for vehicles accessing the airport area. Hundreds of motorists and air travellers were tr...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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