News
Operation Save The Naira: Lagos Speaker Faults Religious Pilgrimages, Seeks Regulation.
Speaker of the Lagos State House of Assembly, Mudashiru Obasa has urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira.

According to him, this action could be sustained until the naira stabilises.
The admonition was made on the floor of the House when, while the Lagos State House of Assembly decried the continued downward slide in the value of the naira against the dollar, it also suggested measures that could be applied to tame the trend.
As at yesterday a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government and the Central Bank of Nigeria CBN on some bold steps to take so as to shore up the value of the naira.
Part of the resolutions by the House was that the federal government should come up with a mechanism to reduce foreign trips for seminars and conferences by ministries and agencies adding that this should apply to states.
While stressing the need to strengthen security across the nation, the House also called on the CBN “to embark on sensitisation of Nigerians on the steps being taken by the apex bank to reduce the pressure on naira while informing on the expected roles of Nigerians at this time.”
The Assembly urged that depositors of dollars in banks can be engaged for an acceptable arrangement where such funds can be utilised by the government to help reduce pressure on the naira.
Speaker of the House, Rt. Hon. Mudashiru Obasa, who presided over the sitting, lamented the disparity between the dollar and naira while commending the CBN for taking some measures with the hope that such actions would yield positive results.
Dr. Obasa, who further commended the National Assembly for inviting the CBN governor for discussion recently, said: “In my opinion, the CBN and government should embark on sensitisation and information dissemination to make people understand what the government is doing.
The pressure on the naira is too much, but the CBN should make sure that national interest is supreme.”
Obasa urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira. According to him, this action could be sustained until the naira stabilises.
“To save the naira, the federal government and states can stop foreign conferences and seminars. If possible, we can bring the resource persons to Nigeria to deliver their lectures.
We all need to look inward to support the government.
“Locally, some people in Nigeria doing businesses demand dollars instead of naira. Even at parties now, you see people spray dollars instead of naira. We need a way out and to do this, we need the support of citizens. That’s the essence of sensitisation.
Speaking earlier under ‘Matter of Urgent Public Importance’, Hon. Femi Saheed (Kosofe Constituency 2), said the current naira-dollar disparity is the direct consequence of the policies of the Godwin Emefiele-led CBN.
According to him, the naira will gain strength if measures including fixing the nation’s refineries, strengthening the education and health sectors are taken.
“I think the current CBN governor should work on moral suasion to get people to pull out the dollars in their domiciliary account,” he said.
News
VIDEO: Uber Driver Nabbed After Fleeing with iPhone 16 in Lagos
An Uber driver has been traced to his home after allegedly absconding with an iPhone 16 entrusted to him for delivery, following the cancellation of a trip midway in Lagos.
An X user, Ashake, who tweets as #Molayoo_, raised the alarm on Saturday, tagging Uber in her post with screenshots of the booking.
“Uber, one of your riders in Lagos, Nigeria, picked up a package(an iPhone 16) from Egbeda to be delivered to Ikeja, and he cancelled the ride midway, and he’s been unreachable ever since!
“His name is Augustine Adimabua. This is someone’s business, fgs! We need the package,” she wrote.
The situation escalated after the driver was reportedly tracked to his location.
Providing an update on Thursday, Ashake noted that the driver has been caught. She claimed that the driver sold the phone for N400,000.
“He has been caught and handed over to the right authorities. Thank you to every single one of you who made this possible.
“He sold iPhone 16 of over 1m, he sold it for 400k,” she wrote.
In the accompanying videos, the driver agreed that he collected the phone.
“I agree he gave me an iPhone 16, 256 GB, worth 1.2million naira”, he said
He, however, claimed that the phone had been stolen after being questioned about it.
“Where is the phone? Where is the iPhone 16?” one of the men queried.
“The phone was stolen”, he responded.
The confrontation quickly turned heated, with the driver being accused of dishonesty while appearing visibly uneasy, and a woman said to be his wife shocked by the situation.
The video has since gone viral, with individuals recalling personal experiences of stolen package deliveries and others condemning the act.
PUNCH reported in 2025 that delivery delays and thefts cost Nigeria’s logistics sector billions annually due to poor visibility and a lack of journey control systems.
Earlier in 2026, an investigation into Nigeria’s food delivery industry revealed a rise in food delivery theft, missing items and tampered packaging by dispatch riders, eroding customer trust in the fast-growing sector.
Watch the video below:
Business
Dangote Group Plans 650,000bpd Refinery Project in East Africa
Africa’s richest man, Aliko Dangote, has announced plans to build a 650,000 barrels-per-day refinery in East Africa, mirroring the scale of his flagship facility in Nigeria, as part of a broader push to deepen industrial capacity across the continent.
Dangote made the disclosure at a high-level summit in Nairobi on Thursday, where African leaders, financiers, and industry stakeholders gathered to discuss the continent’s growing energy and infrastructure needs.
Addressing Presidents William Ruto and Yoweri Museveni, Dangote said the refinery project would depend on strong government backing and policy consistency.
“That’s why, as a group, we have now launched an initiative where, between now and 2030, we’re investing $40 billion in various fields,” he said
“Even now, I can give a commitment to the two presidents who are here that if they support the refinery, we will build an identical one to what we have in Nigeria—650,000 barrels.”
He emphasised that the proposal is still at an early stage but expressed confidence in its feasibility.
When asked about the feasibility of the project, the industrialist said it will “definitely” work, adding that “There’s nothing that can stop it.”
Push for Self-Sufficiency

Dangote used the platform to argue that Africa must move away from its long-standing dependence on imports and instead build domestic industrial capacity.
“We export raw materials, which means when you export raw materials, you are exporting jobs, and when you import, you are importing poverty because you are creating jobs out there, not here on the continent,” he said.
He stressed that industrialisation—particularly in refining, fertiliser production and petrochemicals—is critical to reversing that trend and creating jobs on the continent.
The proposed East African refinery forms part of a wider $40 billion investment plan by his group between now and 2030, targeting key sectors that underpin economic transformation.
Backdrop of Growing Fuel Deficit
Dangote’s announcement comes as the Africa Finance Corporation (AFC) warned that the continent could face an 86 million tonne fuel shortfall by 2040.
According to the AFC report presented at the summit, Africa currently imports over 70 percent of its refined fuel and spends about $230 billion annually on essential imports, including fuel, food, and industrial goods.
The report projects that fuel import demand will rise from 74 million tonnes in 2023 to 86 million tonnes by 2040—equivalent to nearly three refineries the size of Dangote’s Lagos facility.
Leaders Call for Shift in Strategy
President William Ruto echoed Dangote’s position, warning that Africa must rethink its economic model.
“Our ambitions will remain unrealised if we continue to depend on external capital whose primary interest is securing raw materials,” Ruto said, adding: “We cannot continue to export raw materials and import finished products made from them.”
The summit also highlighted vulnerabilities in Africa’s energy systems, particularly exposure to global supply shocks and infrastructure gaps across the continent.
A Broader Industrial Vision
Beyond refining, Dangote pointed to ongoing efforts to scale fertiliser production and petrochemical capacity across Africa, including plans to expand urea output and establish blending plants in underserved regions.
“With the support of the government, there’s nothing that is impossible,” he said, expressing confidence that Africa can achieve self-sufficiency in key industrial inputs.
For Dangote, the refinery proposal represents a continuation of a larger vision—to reposition Africa from a net importer to a global industrial player.
“Let us not be scared… It is possible. Africans can do it,” he said.
As discussions continue, the proposed East Africa refinery could mark a significant step toward addressing the continent’s looming fuel deficit while advancing its long-term goal of economic independence.
News
FG Increases allowances, boosts welfare for civil servants
The Federal Government of Nigeria has approved a sweeping increase in peculiar allowances and other welfare benefits for civil servants, in a move aimed at improving take-home pay and boosting morale across the public service.
The announcement was made on Friday by the Head of the Civil Service of the Federation, Didi Walson-Jack, during a press briefing in Abuja, where she outlined key reforms endorsed by the Federal Executive Council.
According to Walson-Jack, the review affects workers under both the Consolidated Public Service Salary Structure (CONPSS) and the Consolidated Research and Allied Institutions Salary Structure (CONRAISS), ensuring a broad-based impact across all cadres.
She said the revised peculiar allowances have been structured to reflect across all grade levels, resulting in a meaningful increase in earnings for both junior and senior officers.
In addition, the government approved an upward review of several key allowances, including duty tour allowance (DTA), estacode, and book allowance. Walson-Jack noted that virtually all allowances listed under the Public Service Rules have now been revised.
A major highlight of the reform is the approval of 100 percent Duty Tour Allowance for civil servants attending approved training programmes, regardless of whether travel is involved.
“Even if you are based in Abuja and attend training within Abuja, you are entitled to full DTA,” she said.
Beyond salary-related adjustments, the government also introduced a new exit benefit scheme for retiring civil servants under the Contributory Pension Scheme. The scheme provides 100 percent of a retiree’s total annual emoluments as an exit package, in addition to their pension, effective January 1, 2026.
Walson-Jack described the move as a step toward ensuring dignity in retirement, stressing that no public servant should leave service without adequate financial support.
The government also confirmed the operationalisation of the Employee Compensation Scheme, designed to provide financial protection for workers who suffer job-related injuries or death.
The reforms come amid growing calls from labour unions for improved welfare, as rising living costs continue to put pressure on workers. Analysts say the combined measures could significantly enhance financial stability for civil servants and improve overall productivity in the public sector.
-
Health & Wellness8 months agoPresident Tinubu Directs Cut in Dialysis Cost from ₦50,000 to ₦12,000
-
News9 months agoPICTURE: In Lagos Couple Sentenced to 22½ Years for Cannabis Trafficking
-
Business1 month agoDangote Refinery Reduces Petrol Gantry Price To ₦1,200 Per Litre
-
Trending News8 months agoNELFUND Disburses ₦86bn To 449,000 Beneficiaries
-
News3 years ago2023 Elections: Outgoing Rwandan High Commissioner say s Nigeria, ‘ handle their destiny’ in a peaceful way.
-
Business1 month agoAfter Plea Bargain, Court Discharges Stella Oduah of ₦2.5bn Fraud
-
Entertainment3 years ago9mobile Ambassadors Begin “Meet And Greet” Session With Staffs, Customers.
-
News3 years agoOgun HoS Solicit Affordable Housing For Civil Servants
