The Punch on MSN
FG Scraps Cash Payments In MDAs, Deploys PoS Terminals
Titled ‘Enforcement of No Physical Cash Receipt Policy for All Federal Government Revenue Transactions’, the first circular, dated November 24, 2025, said the government was alarmed at the “continued ...
The federal government has prohibited ministries, departments and agencies (MDAs) from collecting physical cash for revenue transactions, citing persistent violations of e-payment and treasury single ...
Investors, creditors and C-suite leaders are scrutinizing cash flow with new intensity, putting finance teams under pressure ...
The Federal Government has banned MDAs from accepting physical cash and directed them to deploy POS terminals within 45 days, ...
The federal government has introduced sweeping reforms to strengthen transparency and block leakages in its revenue collection system, directing all ...
The Federal Government is to implement full cashless policy in the collection of its revenues, banning cash payments, as from ...
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