NIMASA urges review of oil trade policy

NIMASA urges review of oil trade policy

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside, has called for the review of oil trade business in the country, saying the Free-on-Board (FoB) policy is causing huge financial losses to the country. FoB is a trade policy that allows a buyer to pay for the shipment and landing costs ofRead More

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