Business NNPC Justifies Preference for FOB Nigeria’s Crude Exports –

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Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) has given reasons why it prefers to use the Free-on-Board (FOB) system to export Nigeria’s crude oil to their respective destinations and not the Cost, Insurance and Freight (CIF) system. The NNPC, according to a statement it sent out yesterday in …





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