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Nigeria: CBN Removes Affidavit Requirement for Reactivating Dormant Accounts

2+ hour, 54+ min ago  (722+ words) The Central Bank of Nigeria (CBN) has revised its guidelines on the management of dormant bank accounts, removing the mandatory requirement for customers to present affidavits when seeking to reactivate such accounts. The development was disclosed in a circular dated…...

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Nigeria: Airport Cashless Policy - Keyamo Urges Nigerians to Exercise Patience

1+ week, 4+ day ago  (355+ words) According to the aviation minister, the first week of Nigeria's airport cashless policy will be reviewed to enhance efficiency, boost revenue, and curb corruption at airport payment points nationwide. The Minister of Aviation and Aerospace Development, Festus Keyamo, on Wednesday…...

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Nigeria Pauses Airport Cashless Policy After Travel Disruptions

1+ week, 4+ day ago  (441+ words) President Bola Tinubu has'directed'Aviation Minister Festus Keyamo to suspend the cashless payment system recently introduced by the Federal Airports Authority of Nigeria at major airports. The directive followed complaints that the system caused long queues and delays for travellers at…...

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Nigeria: The Rise of Pos Agents As Nigeria's News Cash Banks

1+ mon, 2+ week ago  (504+ words) While regulators focus on building stronger, better-capitalised banks, millions of Nigerians are quietly grappling with a more basic problem: how to access their own cash. As ATMs run dry and POS kiosks fill the gap at a cost, a parallel…...