ADVERTISEMENT
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
Friday, April 10, 2026
  • Login
No Result
View All Result
NEWSLETTER
VON Digest
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
No Result
View All Result
VON Digest
No Result
View All Result

Home » Posts » FAAN to Enforce Cashless Payments at All Airports Starting March 1

FAAN to Enforce Cashless Payments at All Airports Starting March 1

by Vanessa
February 27, 2026
in Business
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The Federal Airports Authority of Nigeria (FAAN) has announced that cash will no longer be accepted at any of its pay points, including access gates, car parks, and executive lounges, starting Sunday, March 1.

The disclosure was contained in a statement from FAAN on Friday.

RelatedPosts

CBN Debunks ‘Fake’ Polaris Bank Liquidation Claim

Polaris Bank Drives Youth Financial Literacy Through Global Money Week 2026

Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 on Global Oil Price Pressures

The move forms part of FAAN’s “Go Cashless” initiative, which aims to make all airport transactions faster, safer, and fully digital.

According to the statement, all passengers and airport visitors are required to make payments digitally at FAAN-controlled airports. This includes entry through access gates, parking fees at car parks, and charges for executive and VIP lounge services.

FAAN emphasized that the initiative aligns with the directive of the Central Bank of Nigeria (CBN) to encourage cashless transactions across public services.

“In line with the directive of the Central Bank of Nigeria, effective March 1st, 2026, cash will no longer be accepted at any FAAN pay point. That means at all our international and local airports—from access gates to car parks, and executive lounge entries—every transaction must be digital,” the statement read in part.
Passengers are advised to collect their cards at access gates and lounges to take advantage of the “Tap and Go” system, which allows them to complete transactions quickly and avoid queues.
The authority also reassured travelers that the cashless system is secure and designed to improve convenience.

Passengers or visitors with inquiries can visit any FAAN information desk at the airports or access further details on the official FAAN website.

FAAN had earlier launched the initial phase of contactless payments in September 2025 at Murtala Muhammed International Airport (MMIA), Lagos, and Nnamdi Azikiwe International Airport (NAIA), Abuja.

The rollout was part of a phased plan to gradually implement the system across all FAAN-controlled airports by the first quarter of 2026.
These two airports were chosen for the pilot due to their high traffic volumes, with more than 300,000 vehicles passing through access gates monthly at both MMIA and NAIA.
FAAN also highlighted that VIP lounges at the two airports serve thousands of travelers annually.

The early rollout aimed to phase out cash at key FAAN revenue points, including access gates, car parks, and VIP/protocol lounges, while preparing for nationwide adoption.

The initiative, branded “Operation Go Cashless,” is in partnership with Paystack, a leading digital payments company.

FAAN projected that the system would modernize airport operations, improve efficiency, and boost accountability.

At the pilot stage in Lagos and Abuja, FAAN expected a 50% increase in revenue collection, rising to 75% as more points were integrated, with a broader goal of tripling revenue within one year of full implementation.

The partnership with Paystack provided contactless terminals at access gates, car parks, and lounges, with payments processed instantly via NFC-enabled cards.

The system eliminates human handling of cash, reducing opportunities for leakages and speeding up passenger flow.

The cashless system is expected to improve service quality significantly in these high-traffic areas.

Tags: FAAN
ShareTweetShareSend
Previous Post

YPP Aspirant Urges Mobilisation Strategy for 2027 Elections

Next Post

Iyabo Ojo Reacts to Claims She Gave Fola Tinubu Kayamata

Vanessa

Vanessa

I'm a journalist and relationship columnist. Nigeria Media Merit (NMMA) 1st Runner Up Award Recipient. I'm passionate about arts, entertainment,marriage, religion and politics. I love giving back to society.

Related Posts

CBN Debunks ‘Fake’ Polaris Bank Liquidation Claim

CBN Debunks ‘Fake’ Polaris Bank Liquidation Claim

by Vanessa
April 9, 2026
0

The Central Bank of Nigeria (CBN) has debunked rumours suggesting that Polaris Bank is undergoing liquidation, while affirming that the...

Polaris Bank Drives Youth Financial Literacy Through Global Money Week 2026

Polaris Bank Drives Youth Financial Literacy Through Global Money Week 2026

by Vanessa
April 9, 2026
0

As conversations around money become more complex in a fast-evolving digital world, the need to Building Financially Smart Future and...

Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 on Global Oil Price Pressures

Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 on Global Oil Price Pressures

by Vanessa
April 8, 2026
0

The Dangote Petroleum Refinery has increased the gantry prices of petrol and diesel, raising fresh concerns about rising energy costs...

Sterling Bank Deepens Commitment to Women Entrepreneurs with OneWoman Financing Dialogue

Sterling Bank Deepens Commitment to Women Entrepreneurs with OneWoman Financing Dialogue

by Vanessa
April 8, 2026
0

Sterling Bank, through its women focused initiative, OneWoman, convened a powerful gathering of women entrepreneurs, development finance institutions, ecosystem leaders,...

Fidelity Bank

Fidelity Bank Hosts Key Aviation Industry Leaders in Strategic Meeting at Headquarters

by Vanessa
April 6, 2026
0

L- R: Mr. Kencho Omojafor, Head, Aviation Desk, Fidelity Bank Plc; Mr. Stanley Amuchie, Executive Director/Chief Operations and Information Officer,...

Itsekiri Youths Warn Tinubu Against Decentralising Pipeline Surveillance Contracts, Say Move Will Fuel Niger Delta Chaos

Itsekiri Youths Warn Tinubu Against Decentralising Pipeline Surveillance Contracts, Say Move Will Fuel Niger Delta Chaos

by Vanessa
April 6, 2026
0

Itsekiri Youths Warn Tinubu Against Decentralising Pipeline Surveillance Contracts, Say Move Will Fuel Niger Delta Chaos   The Itsekiri Youths...

Next Post
Iyabo Ojo Reacts to Claims She Gave Fola Tinubu Kayamata

Iyabo Ojo Reacts to Claims She Gave Fola Tinubu Kayamata

Recommended

Fidelity Bank Clears Air on CBN Forbearance Circular, Assures Stakeholders of Strong Capital Position

Fidelity Bank Clears Air on CBN Forbearance Circular, Assures Stakeholders of Strong Capital Position

10 months ago
‘Why PDP Reconciliation Failed’ — Umar Sani

‘Why PDP Reconciliation Failed’ — Umar Sani

3 days ago

Popular News

    Connect with us

    Newsletter

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
    SUBSCRIBE

    Category

    • Agriculture
    • Business
    • Crime & Security
    • Education
    • Entertainment
    • Events
    • Fashion
    • food
    • Gaming
    • Health
    • Lifestyle
    • Movie
    • Music
    • National
    • News
    • Opinion
    • Politics
    • Religion
    • Science
    • Science & Technology
    • Society
    • Sports
    • Tech
    • Travel
    • World

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    • Privacy Policy
    • About Us
    • Contact
    • Terms of Use

    © 2026 VON Digest. All rights reserved. Designed by IgniteWeb.

    No Result
    View All Result
    • Home
    • Business
    • Crime & Security
    • Education
    • Entertainment
    • Events
    • Lifestyle
    • News
    • Society
    • Politics
    • Science
    • Science & Technology
    • Sports
    • Tech
    • World

    © 2026 VON Digest. All rights reserved. Designed by IgniteWeb.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In