NIMASA rejects banks' 8.5% interest rate offer to Cabotage Fund beneficiaries

NIMASA rejects banks’ 8.5% interest rate offer to Cabotage Fund beneficiaries

How Nigeria can tap into $2.5trn global blue economy potential – Jamoh

Bashir Jamoh

The Nigerian Maritime Administration and Safety Agency (NIMASA) have rejected the 8.5 percent interest rate proposed by five commercial banks selected as primary lenders for the $350 million Cabotage Vessel Financing Fund (CVFF). The approved lenders include Union Bank, Polaris Bank, United Bank

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