The Federal Government of Nigeria has reassured that the sales of crude oil in Naira initiative will continue, and there will be no disruption in the supply of refined petroleum products across the country. The Federal Government reaffirmed its commitment to ensuring energy security, protecting consumers, and maintaining stability in the domestic petroleum products market. …
The Trade Union Congress of Nigeria (TUC) has expressed full solidarity with its affiliate, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on the ongoing dispute with the Dangote Refinery over the disengagement of some Nigerian workers. Pinnacle Daily had reported that PENGASSAN directed its members to embark on a nationwide strike, …
The Adamawa State chapter of the African Democratic Congress (ADC) has called on prominent politicians who are yet to formalize their membership to register with the party. State Chairman of the ADC, Shehu Yohanna, made the appeal on Friday at the party’s state headquarters in Yola during the official commencement of its membership registration exercise. …
The Federal Government has asked the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENSASSAN) to suspend its planned nationwide strike over a feud with the Dangote Refinery and Petrochemicals. The Minister of Labour and Employment, Muhammad Maigari Dingyadi, made the call in a statement on Sunday, September 28. According to Dingyadi, the ministry …
The refinery says the union’s directive to its members is an act of lawlessness, criminality and amounts to economic sabotage Dangote Petroleum Refinery & Petrochemicals has stated that the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has no right to interfere in the supply of gas and crude oil to the …
As the controversy between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Petroleum Refinery rages, PENGASSAN has directed its members to suspend gas supply to the Refinery with immediate effect. The directive was contained in a letter dated September 26, 2025, signed by the PENGASSAN General Secretary, Comrade Lumumba Ighotemu …
The National Pension Commission (PenCom) has raised the minimum capital requirement for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to ₦20 billion from ₦2 billion. It said the revised capital requirements are to take effect immediately for new licences, while existing operators have until December 31, 2026, to comply. The commission announced the …
The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has extended felicitations to the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, on the occasion of his 62nd birthday. In a congratulatory message issued on Friday through his Chief Press Secretary, Leke Olatunji Baiyewu, Abbas described Engr. …
U.S. consumer spending rose more than expected in August, driven by vacations, dining out, and higher demand for services, keeping the economy on solid ground even as inflation picked up. The Commerce Department reported Friday that household consumption, which makes up over two-thirds of economic activity, climbed by 0.6% after a 0.5% gain in July. …
The newly crowned Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja, has cautioned traditional title holders against abusing their positions by seizing people’s wives and lands. Oba Ladoja issued the warning in his inaugural address during his coronation ceremony on Friday at the historic Mapo Hall in Ibadan, the Oyo State capital. The former Oyo State …
