28 September 2025-Published by Cyril The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has declared a nationwide strike against Dangote Refinery, beginning Monday, September 29, 2025, over the alleged mass dismissal of more than 800 Nigerian workers. In a circular issued after its emergency National Executive Council (NEC) meeting on Saturday, September…
28 September 2025-Published by Cyril Nigeria may face a nationwide blackout starting Monday as power generation companies (GenCos) warn of an imminent shutdown of thermal power plants following directives from the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The Executive Secretary of the Association of Power Generating Companies (APGC), Joy Ogaji, confirmed…
September 27, 2025-Published by Cyril Nigerians may face another round of fuel price hikes after the Dangote Petroleum Refinery suspended the sale of petrol in naira, a move that has unsettled marketers and raised concerns over pump prices nationwide. The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed on Saturday that its members have received…
27th September 2025-Published by Cyril The management of Dangote Petroleum Refinery has condemned as “criminal and reckless” the directive issued by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) instructing its branches to halt crude oil and gas supplies to the 650,000 barrels-per-day plant in Lekki, Lagos. In a statement released on…
27th September 2025-Published by Cyril The standoff between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the $20 billion Dangote Petroleum Refinery has escalated, as the union directed its branches to halt crude oil and gas supplies to the facility. In a letter dated September 26 and signed by General Secretary…
26 September 2025-Published by Cyril The Dangote Petroleum Refinery and Petrochemicals has announced a major workforce reorganisation in response to what it described as repeated acts of sabotage within its 650,000 barrels-per-day facility. In an internal letter dated September 24, 2025, and signed by Femi Adekunle, Chief General Manager, Human Asset Management, the refinery explained…
September 26, 2025-Published by Cyril The Nigerian National Petroleum Company Limited (NNPCL) has announced a sharp 91.3 percent rise in its monthly profit, reaching N539 billion in August 2025, up from N185 billion in July. According to its August Monthly Report Summary, NNPCL’s revenue also increased to N4.655 trillion, compared to N4.406 trillion recorded the…
September 26, 2025-Published by Cyril Shareholders of Unity Bank Plc and Providus Bank Limited have officially approved the merger of both institutions, marking the first business combination under Nigeria’s ongoing banking recapitalisation programme. At the court-ordered extraordinary general meetings, shareholders overwhelmingly voted in favour of the merger scheme, authorising directors to proceed with its final…
September 26, 2025-Published by Cyril The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has accused the $19 billion Dangote Refinery of sacking over 800 Nigerian workers and replacing them with more than 2,000 Indian employees, many of whom allegedly lack proper immigration documents. In a strongly worded statement on Friday, the union…
September 25, 2025-Published by Cyril Billionaire businessman and chairman of First HoldCo Plc, Femi Otedola, has significantly increased his stake in the financial services group after acquiring an additional 64,878,668 shares worth ₦2.01 billion. The acquisition was disclosed in filings submitted to the Nigerian Exchange Limited (NGX), in compliance with post-listing requirements. According to the…
