Business

PENGASSAN Ends Strike as Dangote Recalls Workers

Published

9 months ago

October 1, 2025

396 Views

The tension in Nigeria’s oil and gas sector appears to have eased following an agreement between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery. The union has suspended its two-day industrial action after the refinery agreed to reinstate workers dismissed for joining the association.

The resolution was reached after a series of meetings held on Monday and Tuesday involving PENGASSAN, Dangote Refinery, and representatives of the Federal Government. Nigeria’s Minister of Labour and Employment, Muhammad Dingyadi, emphasized the constitutional right of workers to unionise, urging both parties to uphold labour laws.

According to a communique issued after the talks, three major agreements were reached:

Reabsorption of Workers: Dangote Group will immediately begin reabsorbing the dismissed employees into other subsidiaries within the company, with no loss of pay.
No Victimisation: Both parties agreed that no worker would face retaliation for participating in the dispute.
Strike Suspension: PENGASSAN confirmed it would begin the process of formally calling off the strike.

PENGASSAN had launched the strike on Sunday, ordering its members to halt the supply of crude oil and gas to Dangote Refinery. The union’s action was in response to the termination of staff who had joined PENGASSAN voluntarily.

The agreement marks a significant step toward restoring stability in the sector.

Related Topics:Dangote Wokers Featured Pengassan

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

5 hours ago

June 30, 2026

Charles Flames

22 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

9 hours ago

June 30, 2026

OCHEFA

18 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”