Tag
DANGOTE REFINERY
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Nigeria’s oil and gas production dropped sharply during a brief nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which ended on Wednesday after government-mediated talks with Dangote Refinery.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its nationwide strike against Dangote Petroleum Refinery following the intervention of the Federal Government.
Fuel queues have been reported at petrol stations in Lagos and Abuja since September 30, with more motorists experiencing delays on Wednesday, October 1, 2025, as some outlets that were selling fuel earlier in the day suspended sales by the afternoon.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is set to suspend its nationwide strike following the intervention of the Federal Government in the ongoing dispute with the management of the Dangote Petroleum Refinery.
The Nigerian National Petroleum Company (NNPC) Limited has signed a new crude deal with the Dangote Petroleum Refinery that will extend supplies for two years.
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi, has condemned the escalating confrontation between petroleum marketers, labour unions, and the Dangote Refinery, describing it as “unconscionable” and a grave threat to investor confidence.
The local currency is projected to stabilize within the range of N1,450/$- N1,550/$, although there could be a negative swing if the price of oil falls below $70 a barrel.
The Concerned Nigerian Consumers Forum has warned that the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) alleged plans to picket the Dangote Petroleum Refinery over alleged mass sackings risk plunging Nigeria back into the dark era of fuel queues, black market exploitation, and national embarrassment.
The Federal Government has appealed to the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to suspend its planned nationwide strike over its dispute with Dangote Refinery.