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Shipping Crisis Forces Asian Crude Buyers to Use Smaller Tankers

Record-high freight costs are changing the behavior of Asian buyers who are increasingly using smaller tankers and ships under long-term charter deals to pick crude oil supply, refining and trading…

  • Asian crude buyers using smaller tankers due to record-high shipping costs
  • Freight charges surge to record highs from Iran conflict and Strait of Hormuz congestion
  • European refiners opting for nearby volumes to avoid high tanker rates

PoS agents face uncertain future as Nigerians embrace mobile transfers

Nigeria's vast Point-of-Sale (PoS) agency banking network is facing growing pressure as consumers increasingly abandon cash withdrawals in favour of direct mobile transfers, raising concerns about the…

  • PoS agents face uncertainty as Nigerians shift to mobile transfers
  • Mobile money adoption surged to 2.3 billion accounts globally in 2025
  • PoS networks evolving into financial product distribution hubs

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