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Coatue has a plan to buy up land for data centers, possibly for Anthropic

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Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave.

It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports. Sources tell the WSJ that Next Frontier has already signed a joint venture with Fluidstack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic. (Coatue did not respond to a request for comment.)

Although the U.S. already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Kevin O’Leary from “Shark Tank.”

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Beautiful Bride Unveils Elegant Civil Wedding Dress Collection in Jos

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A touch of elegance and style filled the air as Beautiful Bride, located opposite the National Library in Jos, Plateau State, officially unveiled its Civil Wedding Dress Collection on January 1, 2026. The event attracted a vibrant mix of event planners, entertainment stakeholders, models, and fashion enthusiasts, all gathered to witness the latest trends in civil wedding fashion.

The highlight of the unveiling was a captivating runway showcase, where stunning models graced the stage in a variety of sophisticated and contemporary civil wedding dresses. The collection, designed to blend simplicity with elegance, reflects the evolving tastes of modern brides seeking stylish yet understated options for their special day.

Jamila Anita, the Convener and CEO of Beautiful Bride expressed gratitude to attendees for honoring the unveiling despite their busy schedules. She explained that civil weddings, also known as court, registry, or statutory weddings have evolved significantly, especially in fashion. According to her, modern civil wedding dresses now feature trendy designs such as short styles, bows, and fascinators, unlike in the past. She noted that many brides often overlook civil wedding preparation, creating demand for stylish options. In response, Beautiful Bride introduced a new collection to meet this need, ensuring Jos brides have access to luxurious, contemporary dresses and accessories for their special day.

Naomi Gadzama, CEO Usiju World Event Center expressed joy and appreciation for the strong turnout, describing the gathering as small but impactful. She emphasized the importance of collaboration in the event and wedding industry, noting that no business can thrive in isolation. Gadzama urged stakeholders to support and promote one another rather than compete destructively, highlighting the need for unity and maturity in business. She commended the vision behind the initiative and encouraged continued innovation. She also advised patronizing local businesses in Jos, stressing that collective support can strengthen the industry and reduce reliance on cities like Lagos and Abuja.

Simi Gyang, one of the models described the unveiling as a unique and memorable experience, noting it was her first time modeling civil wedding dresses. She highlighted the honor and pressure of opening the runway, expressing gratitude for the opportunity. Simi Gyang praised Beautiful Bride’s consistency and support for models, adding that such a civil wedding showcase is rare in Jos, making the event both innovative and impactful for the local fashion scene.

Pedro Omobolaji, Station Manager at Jay FM praised the variety and inclusiveness of the showcased designs, noting they cater to different body types, styles, and preferences. He highlighted the high quality and elegance of the dresses, emphasizing their versatility beyond civil weddings for other occasions. According to him, the collection offers diverse, stylish options, giving brides the freedom to choose designs that suit their taste and personality.

Nanmet Anthony, the CEO of Mettaworld Events described the showcase as impressive, noting the wide range of well-curated dresses suited to different body shapes. She emphasized that no single style fits every bride, encouraging clients to consider their body type when choosing outfits. Mrs Anthony added that the displayed pieces were just a sample of a broader collection, assuring brides that more options are available to match individual preferences and enhance confidence.

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Guinea Insurance Grows Asset Base to ₦7.75bn

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BY NKECHI NAECHE-ESEZOBOR—Guinea Insurance Plc has released its unaudited financial results for the period ended 31 March 2026, showing resilient revenue performance, a stronger asset base, and a deliberate strategic response to mounting industry claims pressure.

The company reported a 6.9% increase in total assets, rising to ₦7.75 billion, supported by solid investment returns. Investment properties grew significantly by 29.5% to ₦1.11 billion, driven by favourable revaluations and ongoing portfolio optimisation efforts.

Net expenses on reinsurance contracts declined to ₦109.3 million from ₦174.7 million in March 2025, representing a reduction of about 37%. This reflects a more cautious risk transfer strategy, as the company strengthened its reinsurance coverage to reduce exposure to emerging risks and high-value claims.

However, insurance service expenses surged sharply by approximately 803% to ₦850.1 million, compared to ₦94.1 million in the same period last year. This increase was largely due to the settlement of several high-value claims across the industry. While these claims impacted profitability, the company prioritised prompt and responsible settlement, which placed pressure on earnings and resulted in a loss for the period.

Commenting on the results, Managing Director Ademola Abidogun noted that the decline in profitability represents a temporary setback rather than a structural weakness.

He stated that the claims experience reflects broader industry trends and is not unique to the company. He emphasised that the decision to settle all valid claims promptly reinforces the company’s commitment to trust, reliability, and customer confidence.

Abidogun added that enhanced risk management practices, disciplined underwriting, and a strengthened reinsurance programme are expected to support a recovery in performance in the coming quarters.

Looking ahead, the company remains cautiously optimistic. Management has introduced targeted recovery initiatives, including stricter cost controls, portfolio rebalancing, and a renewed focus on more profitable business segments. These measures are expected to restore earnings momentum and strengthen the company’s competitive position within Nigeria’s insurance sector.

The post Guinea Insurance Grows Asset Base to ₦7.75bn appeared first on Business Today NG.

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