Foreign trade: FG to change from FOB to CIF
Federal Government is set to change its trade policy before the end of the year, from the present Free on Board (FOB) to Cost, Insurance and Freight (CIF) which most countries across the world use because of its economic benefits.
Terrorists may over-run Nigeria, Mark warns
THE Senate Presi-dent David Mark warned, yesterday, that unless everybody comes together to tackle the security challenge, the perpetrators might over run the country.
$1bn Sovereign Wealth Fund: S/Court urges FG, states to settle out-of-court
The Supreme Court on Thursday ordered the Federal Government and 36 state governors to still explore out-of-court settlement on the controversy over the one billion dollars Sovereign Wealth Fund (SWF). The governors had approached the court over alleged illegal diversion of funds meant for the federation to maintain Excess Crude Account (ECA) and SWF.
Housing revolution requires concerted effort of stakeholders – Developer
Concerted effort by all stakeholders is needed to spark a housing revolution which is necessary to adequately address the huge housing deficit in Nigeria, estimated to be 16 million units.
CVFF disbursement to commence in July
The Federal Government has assured that the disbursement of the Cabotage Vessel Financing Funds (CVFF) will commence before the end of July.
Ashakacem records marginal increase in profitability over increasing cost
Ashaka Cement Plc (Ashakacem) has announced profit after tax of N3.124 billion for the year ended 31stDecember, 2013, 8.3 percent improvement over N2.885 billion recorded in the previous year
