Cash Archives - Aviation metric

Kuku mandates cash transaction cessation nationwide, gives Feb 28 deadline

Posted on February 19, 2026February 19, 2026 by Wole Shadare

Abolishes physical cash receipt The Federal Airports Authority of Nigeria (FAAN) has taken a definitive step toward modernising its revenue collection, with Managing Director Mrs Olubunmi Kuku mandating a total cessation of cash transactions nationwide by February 28, 2026. This move is not just a localised initiative but a direct alignment with the Federal Government’s broader fiscal reforms, specifically the “No Physical Cash Receipt Policy” reinforced by the Office of the Accountant-General of the…

Boeing burns through cash, rushes to fix quality control issues

Posted on April 25, 2024 by Wole Shadare

Boeing burned through billions of dollars of cash last quarter as it languished under intense scrutiny from U.S. regulators and moved to soothe concerns over quality issues. Arlington, Virginia-based Boeing burned through $3.93 billion over the first three months of 2024, far more than the $786 million it recorded during the same time last year, according to a Wednesday regulatory filing. The aerospace giant ended the quarter with $7.5 billion in cash and investments in short-term securities,…