Business

The management of Dangote Petroleum Refinery has terminated the employment of all its Nigerian workers. The development comes less than 24 hours after 90 percent of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN. In a memo dated September 25, 2025, and signed by the Chief General Manager of Human Asset Management, Femi Adekunle, the …

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Festus Osifo, has explained that the country’s refineries were shut down due to inefficiency rather than being completely non-functional. Speaking on Channels Television’s Politics Today programme on Tuesday, Osifo said the facilities had been operating but could not produce at optimal levels. He noted that while …

Primate Elijah Ayodele, the spiritual leader of the INRI Evangelical Spiritual Church, has sent a strong warning to President Bola Ahmed Tinubu over his proposed economic policies, particularly the controversial 5% tax on fuel. Eyes Of Lagos reports, According to Ayodele, the planned fuel tax would not only worsen the hardship Nigerians are already facing but also spell doom for …

The embattled President and General Secretary of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Comrades Williams Akporeha and Afolabi Olawale have taken fresh swipe from Petroleum Tanker Drivers (PTD) just as the Branch stakeholders called for the duo’s immediate resignation in order to give room for fresh air and stability in the Union. The latest call was contained …

The refineries in Port Harcourt, Kaduna, and Warri are rotting away despite the over $3bn contract sum to resuscitate them, Sunday PUNCH findings have revealed. Visits to the refineries by our correspondents in Rivers, Kaduna and Delta states confirmed that the humongous amount, which is now subject of investigation by the Economic and Financial Crimes Commission, failed to yield the …

The Dangote Petroleum Refinery and Petrochemicals Limited has suspended self-collection gantry sales of petroleum products at its facility with effect from Thursday, September 18, 2025. This was contained in a mail correspondence obtained by our correspondent on Friday, which was signed by the Group Commercial Operations Department of the company. The directive aims to promote wider adoption of the refinery’s …

Recently, the Federal Government announced that Nigerians would start paying five percent tax on every 10 litres of fuel purchased. Although the take-off date of the policy is uncertain, it did not go down well with Nigerians. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who made the announcement in Abuja last week, clarified that the …

Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) requested it to increase the price of petrol and diesel by N75 per litre, in order to allow its members to match the refinery’s gantry prices at their respective depots. If implemented, this would result in the pump price of Premium Motor Spirit (PMS) …

The National Industrial Court in Abuja has granted an interim injunction restraining the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Direct Trucking Company Drivers Association from embarking on any industrial action. The court also barred the groups from compelling other truck drivers to join their planned strike. E.D. Subilim, the judge, gave the ruling on Wednesday …

Former Speaker of the House of Representatives, Yakubu Dogara, has blamed the administration of ex-President Muhammadu Buhari for destroying the value of the naira through reckless monetary policies, including the printing of N22.7 trillion under the guise of “ways and means.” Dogara made the revelation in a viral video clip circulated on Tuesday, where he detailed how Buhari’s economic decisions …