August 17, 2025

Blog

Business

Dangote Cement Posts Soaring Q2 2025 Pre-Tax Profit of ₦418bn, Records 230% Year-on-Year Growth

Dangote Cement yesterday announced a stellar pre‑tax profit of ₦418 billion for the second quarter ended June 30, 2025, marking a remarkable 230‑percent surge year‑on‑year over Q2 of 2024. In a statement issued from its Lagos headquarters, the cement giant attributed this dramatic jump to a combination of strategic pricing, especially in the Nigerian market, and

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Technology World

A.R. Rahman Meets OpenAI Boss Sam Altman, Rolls Out Ambitious AI‑Powered Virtual Band ‘Secret Mountain’

In a striking move that marries cutting‑edge tech with cultural creativity, Oscar and Grammy‑winning composer A.R. Rahman recently sat down with OpenAI CEO Sam Altman in San Francisco to chart plans for Secret Mountain, an AI‑driven virtual global band and musical storytelling universe, set to uplift Indian creatives via artificial intelligence. The composer shared a cheerful

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General Health

Kahramaa and IAEA Host Training Workshop on Water Isotope Science to Boost Water Resource Management

The Qatar General Electricity and Water Corporation (Kahramaa), in partnership with the International Atomic Energy Agency (IAEA), recently convened a comprehensive training workshop focused on the principles and applications of radioactive and stable isotope techniques in water studies. Held under the auspices of the IAEA’s isotope hydrology training programme, the session covered both radioactive tracers—such as

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Technology World

Bahrain Unveils National AI Policy and GCC Ethical Guidelines under MCICT Leadership

Under the directives of His Excellency General Shaikh Rashid bin Abdullah Al Khalifa, Minister of Interior and Chairman of the Ministerial Committee for Information Technology and Communication (MCICT), Bahrain’s Information & eGovernment Authority (iGA) has formally launched the National Policy for the Use of Artificial Intelligence, alongside the adoption of the Guiding Manual on the

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General

Pedro Primary School Old Students (’83 Set) Celebrate Academic Excellence, Honour Former Teacher in Grand Style

By Amidat Shittu In a colorful and emotion laden ceremony held on July 25, 2025, the Pedro Primary School Old Students Association, 1983 Set, hosted the second edition of its “Recognition of Excellence Programme” at the school premises in Somolu Bariga, Lagos. The event, aimed at celebrating academic distinction and reinforcing the culture of gratitude,

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Politics

FAAC Allocation: President Tinubu Calls on Governors to Intensify Efforts for Grassroots Development

President Bola Ahmed Tinubu has urged state governors to step up their commitment towards delivering tangible development at the grassroots level, following the recent disbursement of funds from the Federation Account Allocation Committee (FAAC). In a statement addressing the nation, Tinubu emphasized the critical role of state leadership in translating federal allocations into meaningful projects

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Business

BUA Cement Posts Monumental 510.6% Jump in Q2 Profit as Cement Sales Soar to ₦289 Billion; FX Gain Boosts Bottom Line

BUA Cement Plc has stunned investors with a staggering 510.6 per cent surge in pre-tax profit for the second quarter of 2025, driven by booming cement sales and a significant windfall from foreign‑exchange gains. For the period, the company recorded ₦289 billion in revenue from cement alone, reflecting strong domestic demand and effective price management.

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Business

Nigeria’s E-Payment Transactions Surge to ₦284.9 Trillion in Q1 2025, Reflecting Growing Digital Economy

Nigeria’s cashless economy continues to gather steam as the total value of electronic payment transactions in the first quarter of 2025 soared to an impressive ₦284.9 trillion. This marks a significant increase compared to previous quarters, underscoring the country’s accelerated adoption of digital financial services across retail, corporate, and government sectors. According to the latest

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World

Saudi Arabia Girds for Torrential Rain and Fierce Dust Storms as Weather Worsens

Saudi authorities have issued urgent warnings as the National Center for Meteorology (NCM) forecasts moderate to heavy thunderstorms, sand- and dust-laden winds, potential hail, and flash flooding sweeping across the Kingdom from Friday through Monday According to Gulf News, the western provinces—including Makkah, Taif, Al Jumum, Kamil, Adham, Al Mawiyah, Khormah, Raniyah and Turbah—are expected

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Finance General Technology

TAJ Bank Hit by Fresh ₦957 Million Glitch, Drops Legal Action Against 26 Banks and Fintech Firms

Abuja, July 25, 2025 – TAJ Bank has suffered a fresh system error resulting in the wrongful transfer of ₦957 million and has now withdrawn its earlier legal suit filed to recover the funds from 26 commercial banks and financial technology companies. The new financial glitch, which occurred amid ongoing efforts to resolve earlier reversals,

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