• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Addax Petroleum issues ‘no work no pay’ letter to striking workers

Fikayo Owoeye by Fikayo Owoeye
April 24, 2018
in Business News, Company News
Addax Petroleum workers begin strike action
Share on FacebookShare on TwitterShare on Linkedin

The industrial action embarked upon by the senior staff of Addax petroleum has taken a new dimension as striking members were allegedly served a ‘No work No Pay’ letter by the management of the company.

But, the association’s spokesperson, Mr. Agwu, said the union has already sent a response to Addax management stating the ‘no work no pay’ threat letter was “completely unacceptable to the workers”.

Recall that last week the Addax Petroleum Chapter of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) called out its members nationwide on an indefinite strike action over “some unresolved burning issues”.

RelatedStories

Gas flaring, NOSDRA, GGFR

Shell, Chevron, others to pay N22 billion gas flare fine

April 12, 2023
TETFund seeks increase in education tax to 3% as Buhari approves N320 billion disbursement

Months after approval, Addax Petroleum finally exits OMLs 123, 124, others

November 2, 2022

Some of the issues raised by the striking workers include

  • The unilateral interpretation of the subsisting collective bargaining agreement (CBA) reached between the union and management in August 2014 on issues bordering on activation of non-statutory remuneration to its members.
  • Stagnation of some staff for between 10 to 12 years.
  • Victimisation of union leaders identified as not working in line with management interest.

The continued industrial action may threaten the country’s oil output as the company currently produces 30,000 barrels daily of oil from its offshore and onshore locations in Lagos, Port Harcourt, Asaba, Warri, and Izombe in the Niger Delta.

Addax Petroleum was originally part of the Addax and Oryx Group of Companies (AOG) which were established in 1987, but the company became an independent entity in 1994.

In August 2009, it was bought over by Sinopec, the world’s biggest oil refiner. Addax was initially focused on the oil and gas in the Middle East, the North Sea, and Africa, but has recently focused its effort on West Africa.

In 2017, the company’s former chief executive was arrested and tried for corrupt practices he allegedly carried out while working in Nigeria.

 


Follow us for Breaking News and Market Intelligence.
Tags: Addax Petroleumstriking workers
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

Gas flaring, NOSDRA, GGFR
Energy

Shell, Chevron, others to pay N22 billion gas flare fine

April 12, 2023
TETFund seeks increase in education tax to 3% as Buhari approves N320 billion disbursement
Energy

Months after approval, Addax Petroleum finally exits OMLs 123, 124, others

November 2, 2022
TETFund seeks increase in education tax to 3% as Buhari approves N320 billion disbursement
Business News

Why over 300 Addax Petroleum workers are on strike despite NNPC takeover

October 29, 2022
Addax petroleum: Scandal won’t affect Nigeria – Chinese relations – FG
Energy

Addax petroleum: Scandal won’t affect Nigeria – Chinese relations – FG

May 28, 2021
Addax
Business News

Addax Petroleum confirms resignation of Managing Director

June 14, 2018
Addax Petroleum workers begin strike action
Business News

Addax Petroleum workers begin strike action

April 17, 2018
Next Post
Truecaller records 100 million daily active users, 20% reside in Africa

Truecaller records 100 million daily active users, 20% reside in Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG treats 30 million Nigerians with ivermectin in major push against tropical diseases 
  • World Bank disburses N3.8 billion to boost climate adaptation in Yobe communities 
  • NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

Follow us on social media:

Recent News

FG treats 30 million Nigerians with ivermectin in major push against tropical diseases 

FG treats 30 million Nigerians with ivermectin in major push against tropical diseases 

July 2, 2025
World Bank disburses N3.8 billion to boost climate adaptation in Yobe communities 

World Bank disburses N3.8 billion to boost climate adaptation in Yobe communities 

July 2, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics