Nigerian banks, according to the Institute of Chartered Shipbrokers’ Nigeria chapter, lack the financial wherewithal to support the acquisition of a seaworthy ship. Dr Chris Esoba Ebare, the chairman of ICS, noted that there were numerous shipwrecks on the country’s waterways because Nigerian shipowners lacked the financial means to purchase conventional ships. “There is no … Continue reading Nigerian Banks Lack Financial Capacity To Sponsor Sea-Worthy Vessels – Shipbrokers