By Kenneth Ehigiator LAGOS—The Nigerian Airspace Management Agency (NAMA), has threatened to ground the operations of foreign airlines owing it. Its chairman, Alhaji Abubakar Baraje, however, said in Lagos that it would be lenient with domestic airlines owing it. Baraje regretted that foreign airlines were owing NAMA debts running into millions of naira from navigational […]

Osisioma (Abia)—Independent oil marketers in Abia State, have closed their service stations in protest over the “incessant harassment and arrest” of tanker drivers by the Nigerian Security and Civil Defense Corps (NSCDC). It was gathered that the Chairman of the Petroleum Tanker Drivers Union (PTDU), Chief Goddy Ukwu, and six other drivers, who went to […]

ONITSHA—The Progressive Peoples Alliance (PPA) in Anambra State, yesterday said it has no deal with the Peoples Democratic Party(PDP) in the February 6, governorship election in the state. Chairman of the party in the state, Chief Anthony Igboka, who spoke with Vanguard, described as false and baseless,  insinuations in some quarters that the party struck […]

By Babajide Komolafe & Michael Eboh KADUNA—The Nigerian Deposit Insurance Corporation (NDIC), said a majority of microfinance banks (MFBs), in the country have closed shop. NDIC’s Deputy Director, (Research), Dr. Jacob  Afolabi, at a workshop organised for finance correspondents in Kaduna, said less than half of MFBs file returns to the Central Bank of Nigeria […]

The inadequate supply of gas to the thermal power stations in the country, representing more than 85 percent of the national electricity generation output, is capable of undermining the massive investment on generation, transmission and distribution facilities, an economist, Mr. Friday Udoh, has said.