The head of Nigeria’s prominent oil sector union has proposed a middle path for the long-awaited restructuring of the country’s beleaguered state refineries. Festus Osifo, President of the Petroleum and …
PENGASSAN
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In the NewsOil & Gas
Dangote Refinery Deepens Rift with PENGASSAN as Salaries of Redeployed Engineers Are Halted
KEY POINTS The standoff between the Dangote Petroleum Refinery and senior oil-and-gas, PENGASSAN, workers escalated again in November after the company stopped paying the salaries of engineers who were laid …
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KEY POINTS Weeks after the Federal Government promised measures to curb the rising cost of cooking gas, Liquefied Petroleum Gas, LPG, remains expensive across Abuja, frustrating households and retailers alike. …
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In the NewsMarketsOil & Gas
Nigeria Loses N57 Billion to PENGASSAN Strike as Oil Output Falls by 200,000 Barrels Daily
KEY POINTS Nigeria’s economy has taken another hit as the recent nationwide strike by senior oil workers, PENGASSAN, caused massive disruptions in crude oil production, gas supply, and electricity generation. …
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KEY POINTS Prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, have continued their sharp climb across Nigeria, driven by tightening supply and opportunistic market practices. Reports indicate …
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In the NewsOil & Gas
Nigeria Bans Oil Union From Striking at Dangote Refinery Citing Free Trade Zone Rules
KEY POINTS The Nigerian government has barred the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, from launching strikes against the Dangote Refinery, declaring that such actions violate …
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In the NewsOil & Gas
NALPGAM Says Soaring Cooking Gas Prices ‘Artificial’, Blames Middlemen for Exploiting Nigerians
KEY POINTS The Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, has described the ongoing spike in cooking gas prices across the country as artificial, blaming middlemen for exploiting consumers …
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KEY POINTS Nigerians faced yet another hike in fuel prices on Monday as petrol costs soared above ₦900 per litre across filling stations in Abuja, deepening public frustration over rising …
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In the NewsMarkets
Cooking Gas Prices Soar to Record ₦25,000 as Supply Crisis Deepens Across Nigeria
KEY POINTS Nigerian households are reeling under a worsening shortage of cooking gas as the price of a 12.5-kilogram cylinder of Liquefied Petroleum Gas (LPG) has climbed to ₦25,000 this …
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KEY POINTS Fuel queues have returned to Nigeria’s biggest cities, Lagos and Abuja, ending months of relative stability in the country’s volatile downstream market. Motorists spent hours searching for petrol …