The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has demanded immediate reinstatement of Nigerian workers sacked by the management of Dangote Petroleum Refinery & Petrochemicals. The union accused the Dangote Refinery of engaging in anti-labour practices, vowing to pursue legal action against the company if it fails to recall the affected staff. …
Dangote Petroleum Refinery & Petrochemicals has clarified its recent decision to embark on reorganisation of its operations and staff, saying the exercise “is not arbitrary.” Pinnacle Daily reports that the company had in a letter sent to individual staff, announced disengagement of some staff with effect from the eve of Thursday, September 25, 2025. The …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a Sales Purchase Agreement (SPA) between TotalEnergies Exploration and Production Nigeria Limited and Shell Nigeria Exploration and Production Company (SNEPco) and Nigerian Agip Exploration Limited (NAE). In the deal, TotalEnergies is to assign its 12.5 per cent contractor interest in Oil Mining Lease (OML) 118 to …
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has denied demanding N1.505 trillion annual subsidies on petroleum products from Dangote Refinery. DAPPMAN spokesperson, Ikem Ohia, who featured on Channels Television’s Morning Brief on Wednesday, said marketers have been in negotiation with Dangote, and they are only calling on the refinery to make products …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that with steady progress made in combating the menace of crude oil theft, the country can now produce above two million barrels per day (bpd). The commission refuted a media report that said the country lost about N8.41 trillion worth of crude oil in four years …
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have kicked against alleged plans by the federal government to sell significant stakes in Joint Venture (JV) with international oil companies operating in the country. The oil and gas industry labour unions …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a shortfall in its revenue target in August 2025 despite improved crude oil production in recent months. The Commission remitted N745.21 billion to the Federation Account in August against a monthly benchmark of N1.204 trillion. This reflects a shortfall of N459.6 billion. This was revealed by the …
Nigeria’s Gross Domestic Product (GDP) reached a four-year high growth in the second quarter (April-June) of 2025, indicating the strongest economic growth since mid-2021. This growth was primarily driven by performance in the oil and gas industry, which has traditionally been the backbone of the Nigerian economy. The latest GDP report released by the National …
Billionaire businessman, Femi Otedola, has waded into the controversy between Dangote Group and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). Otedola, who is the chairman of Geregu Power Plc, commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, for the success achieved so far since the Dangote Refinery commenced operations. In …
Moniepoint Microfinance Bank Chief Executive Officer (CEO) Babatunde Olofin has stated that Africa's finance future will not be determined by depending on foreign insight but on homegrown solutions, including a progressive policy environment, sound regulatory oversight and informed advocacy through the media. Olofin stated this at the 2025 annual conference of the Finance Correspondent Association …
