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N904bn funding gap threatens vessels acquisition by Nigerian shipowners

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The Nigerian shipowners will need an additional N904 billion to the N36 billion accrued in the Cabotage Vessels Financing Fund (CVFF) to acquire vessels...
Shipowners Laud Moves to Rejig Nigeria’s Oil Trading Terms

Shipowners Laud Moves to Rejig Nigeria’s Oil Trading Terms

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Plans by the Federal Government to change Nigeria’s crude oil trading terms from Free On board (FOB) to Cost, Insurance and Freight (CIF) has...