• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Sectors Aviation

FAAN bans cash at all airport gates, parking lots, and lounges from March 1

Caleb Obiowo by Caleb Obiowo
February 27, 2026
in Aviation, Sectors
FAAN
Share on FacebookShare on TwitterShare on Linkedin

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.

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

MoreStories

CBN, forex

CBN mandates one ATM per 7,500 payment cards by 2028 

March 14, 2026
X may lose $75m in revenue as advertisers walkout

Elon Musk’s ketamine use excluded from OpenAI fraud trial 

March 14, 2026

What FAAN is saying 

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, www.faan.ng.

Get up to speed 

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.

What you should know 

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.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Next Post
Sunday Asade

Sunday Asade: Meet Unilorin Engineering graduate, now CEO of Meyers Plc 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

money fair
rabafast
rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics