Business

ATM transactions rise 208% to N89trn

ATM transactions rise 208% to N89trn

By Elizabeth Adegbesan The value of Automated Teller Machines (ATM) transactions grew sharply by 208.4 percent year-on-year (YoY) to N89.12 trillion in 2025 from N29.12 trillion in 2024. The Central Bank of Nigeria, CBN, disclosed this in its 2025 Annual Report noting that the increase in ATM transactions reflects user preferences, adoption of digital channels, […]
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Let your PFA know your next-of-kin

Let your PFA know your next-of-kin

It is important that you introduce and confirm your Next-of-Kin to your Pension Fund Administrator for record purpose because no one knows when Mr. Death may come calling.

You have a choice to modify your vehicle’s comprehensive cover

You have a choice to modify your vehicle’s comprehensive cover

As a vehicle owner in Nigeria, you have the option to choose between third party motor insurance cover and comprehensive motor insurance cover. If you opt for the comprehensive cover, you should know that a basic comprehensive motor insurance policy covers; third party insurance; fire damage to your vehicle; theft of your vehicle; collision or overturning damage to your vehicle; medical expenses incurred on you or your family members arising from injury sustained from accident to your motor vehicle subject to the limit specified by your insurer; towing expenses incurred on your motor vehicle following accident and up to the limit specified by your insurer.

Buyers shun Nigeria’s January crude cargo

Buyers shun Nigeria’s January crude cargo

Nigerian crude cargoes for January loading are struggling to sell with almost half of the program still available due to very weak demand with an oversupply of sweet crudes, market sources said.

Global coal demand to reach 9bn tonnes by 2019

Global coal demand to reach 9bn tonnes by 2019

Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report just released.