Governance

FAAN GOES CASHLESS — NIGERIA’S AIRPORTS ENTER THE DIGITAL ERA

IDNN
The Federal Airports Authority of Nigeria (FAAN) has launched a nationwide cashless policy, beginning at the Nnamdi Azikiwe International Airport Abuja. The rollout, which will extend to all FAAN-managed airports by Q1 2026, aims to eliminate revenue leakages, block corruption channels, and transform passenger experience....

FAAC Disburses ₦2.225tn to FG, States, LGs in August

IDNN
The Federation Account Allocation Committee (FAAC) shared ₦2.225 trillion among the three tiers of government for August, out of a gross ₦3.635 trillion. FG received ₦810bn, states ₦709bn, and LGs ₦522bn, while oil-producing states got ₦183bn as 13% derivation. VAT and oil royalties rose, but corporate tax and imports weakened....

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