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West African insurers should collaborate for regional projects — Coker

Williams Coker is the Secretary-General and CEO of sub-regional insurers organisation, West African Insurance Companies Association (WAICA). He is a student of West African Insurance Institute in The Gambia and also a citizen of the country. He was in Nigeria where he held high level talks with officials of ECOWAS on the future of WAICA. An apostle of regional integration, Coker spoke exclusively to Vanguard weekend on his current brief for the transformation of the body to a commercially viable organisation.

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Nigerian stock exchange undervalued in world ranking––Okereke-Onyiuke

THE Director-General of the Nigerian Stock Exchange, Professor Ndi Okereke-Onyiuke, has alleged that the tools applied by international rating agencies to rank exchanges were to the disadvantage of the local stock exchange. Okereke-Onyiuke who was speaking recently during the Capital Market day at this year’s convention of the Association of Nigerian Physicians in the Americas (ANPA), in Abuja , said the Nigerian stock market has been recovering at a very fast rate compared to other markets globally.

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Power: FG spends N1.8 Bn Monthly on LPFO

THE Federal government has announced that expenses on Low Pour Fuel Oil (LPFO) to run the Egbin thermal station due to a shortage in gas supply has gotten as high as N1.8 billion naira per month, even as it has commenced plans to develop coal power plants near large coal deposits in the country.

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Kidnapping: A crime against humanity

By John Owubokiri THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%. Ladies and gentlemen, is it not an incongruity to the property belonging to people and
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Senators commend Total’s CSR initiatives… Receives ISO 14001 certification

TOTAL E&P Nigeria Limited has been commended for its laudable sustainable development initiatives. The commendation was made by the Senate Committee on Petroleum (Upstream) when some of its members recently inspected community projects in the company’s operational area in OML 58 in Rivers State. Projects inspected included roads, hospitals, schools, farms, the Egi independent power plant, among others.

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Oil prices need government supervision

FOR two years the price of oil has been dangerously volatile, seemingly defying the accepted rules of economics. First it rose by more than $80 a barrel, then fell rapidly by more than $100 before doubling to its current level of around $70. In that time, however, there has been no serious interruption of supply.

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