Business

Japan Times

Heat waves expose insurance gap as European business losses mount

Moody's estimates that last summer's European heat waves cost €43 billion ‌in lost ‌economic output while generating only about €500 million of insured payouts.

Japan Times

Nigeria: Truck Crushes 2 Brothers to Death At Palmwine Joint

[Leadership] A tipper truck has crushed two brothers to death at a Palm Wine Joint along Erhuwaren Road in Kiagbodo town, Burutu local government area of Delta State.

Nigeria: DHQ Raises the Alarm Over Cyberattack On X Account

[Leadership] The Defence Headquarters (DHQ) has raised the alarm over cyberattack on its official X account.

Nigeria: NNPC, Exxonmobil Meet As Usan Infill Work Begins On ml 138

[Leadership] The Nigerian National Petroleum Company Limited (NNPC Limited) has engaged ExxonMobil on boosting deepwater output and pursuing further offshore investments, weeks after work began on the US$1 billion Usan Infill Project in…

Nigeria: Five Towers On Ikot Abasi-Eket 132kv Line Collapsed After Severe Vandalism

[Leadership] The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers on the Ikot Abasi-Eket 132kV double-circuit line after vandals removed key structural components, forcing a reconfiguration of…

Nigeria: PwC Flags Ambiguities in Virtual Assets Tax Rules

[Leadership] PwC Nigeria have said Nigeria's new tax guidelines for virtual assets provide welcome clarity but leave practical and legal uncertainties that could complicate compliance for taxpayers and service providers.

Nigeria: Julius Rone Sets September Target for Nigeria's First Floating LNG Plant

[This Day] For years, gas flares have lit the night sky over the Niger Delta, burning off a resource Nigeria has struggled to monetise. Julius Rone, Group Managing Director of UTM Offshore and known in the industry as the King of Gas, is…

Nigeria: Rethinking the CBN's Mandate

[This Day] Malaysia holds lessons for Nigeria, writes

West Africa: Nigeria's Costly Refinery Obsession

[This Day] Nigeria's moribund refineries have swallowed billions without delivering results. President Bola Tinubu's revival pledge therefore raises the question: why not sell them? Writes Festus Akanbi

Nigeria: We Are Still Here, Investing and Excited About Nigeria's Future, Says CEO of Multichoice, Omotosho

[This Day] MultiChoice Nigeria's first female Chief Executive Officer, Kemi Omotosho, in this interview with THISDAY reflects on more than three decades in the country, the company's economic and creative-industry footprint, changing…

Nigeria: Babatunde Fowler At 70 - A Life of Service, Reform and Fiscal Transformation

[This Day] Babatunde Fowler turned 70 on Wednesday, August 12, marking the milestone with a Thanksgiving Service at the Redeemed Christian Church of God, GRA Ikeja, attended by Lagos State Governor Babajide Sanwo-Olu alongside family…

Operators eye private equity as pension funds hit N31trn

Daily Trust