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Skye Bank injects $500m to maritime industry

By on March 10, 2013

DailyPost can authoritatively report that Skye Bank Plc has granted credit facilities of $500 million to operators in the Nigerian Maritime industry.

General Manager, Corporate Banking 11, Group responsible for the Maritime and Aviation sector, Segun Opeke, made this known at a recent forum of maritime stakeholders held in Lagos-Nigeria.

He said that the bank was prepared to expand its credit lines to the operators to further develop the industry.

Opeke added that the amount represents money provided to indigenous ship owners and other stakeholders for the acquisition of ships and other critical work tools to enable them play active role in the industry.

He said, Skye Bank provided funds to indigenous ship owners for the acquisition of an estimated 50 per cent of the entire indigenous fleet in the country.

Recently, the bank was named the most progressive maritime bank awards in recognition of its pioneering role in maritime banking as well as its contributions to the growth and development of the maritime industry in Nigeria.

The award was conferred on the bank by the Nigerian Chamber of Shipping (NCS) at its 10th anniversary at a special event to recognize and appreciate individuals and corporate bodies that have facilitated the growth of the domestic shipping industry.