allAfrica – NegociosMercadosen
Nigeria: $360m CVFF - Shipowners Face Fresh Hurdles As Banks Demand Contracts, 135% Collateral
[Leadership] Indigenous shipowners seeking to access the $360 million Cabotage Vessel Financing Fund (CVFF) face fresh hurdles as participating banks reportedly demand cargo or service contracts and collateral worth at least 135 per cent of loan amounts, raising concerns over the…