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From Blackmail to Breakthrough? How Dangote and NUPENG Reached a Deal

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its strike after reaching an agreement with the management of Dangote Refinery to recognise employees’ rights to unionise. The deal was struck at a closed-door meeting convened by the Department of State Services (DSS), attended by Finance Minister Wale Edun and representatives of […]

Even Colonial Masters Allowed Unions’: Falana Slams Dangote, Demands FG Intervention

Human rights lawyer, Femi Falana, SAN, has urged the Federal Government to intervene in the standoff between NUPENG and the Dangote Group over alleged anti-union practices. Falana accused Dangote Refinery of compelling newly recruited drivers to sign contracts prohibiting them from joining established oil and gas unions. NUPENG had announced on Friday that its members […]

Will Nigeria Grind to a Halt Tomorrow? FG Scrambles to Stop NUPENG Strike

The Federal Government has appealed to the National Union of Petroleum and Natural Gas Workers (NUPENG) to reconsider its planned nationwide strike scheduled to begin on Monday, 8 September 2025. The dispute stems from allegations that the Dangote Group is preventing its employees from joining industry unions. In a statement signed by the ministry’s Head […]

Dangote Drops ₦100bn Lawsuit Against NNPCL, NMDPRA

Dangote Petroleum Refinery and Petrochemicals has formally withdrawn its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum firms. The legal team for Dangote Refinery filed a notice of discontinuance at the Federal High Court in Abuja, ending proceedings against […]

Dangote Refinery Cuts Ex-Depot Petrol Price to ₦835

For the second time in April, Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) price for petrol, lowering it to ₦835 per litre. The $20 billion Lagos-based refinery communicated the price adjustment to its marketers and customers on Wednesday. An official of the refinery confirmed the new pricing to Channels Television, noting the […]

FG Insists Naira-for-Crude Policy Still Active, Defies NNPCL’s Expiry Claim

The Federal Government has reiterated that its Naira-for-crude oil initiative remains in force and is a long-term policy, not a temporary arrangement. The move is aimed at fostering sustainable local refining and reducing the country’s reliance on foreign exchange in the oil sector. This clarification comes amid reports suggesting the Nigerian National Petroleum Company Limited […]

Fuel Prices Set to Rise Amid Dispute Between Dangote Refinery and NNPC

The landing cost of imported petrol has surged by ₦88 per litre within a week, according to data obtained from the Major Energies Marketers Association of Nigeria (MEMAN) on Wednesday, raising fears of increase in the pump price of the product. The association confirmed the increase in its daily energy bulletin, stating that price fluctuations […]

NNPC Still Open to Crude Supply in Naira to Dangote Refinery, Others

The Nigerian National Petroleum Company Limited (NNPCL) has responded to reports regarding the alleged unilateral termination of a crude oil sales agreement in Naira with Dangote Refinery, insisting that it was still open to continue the arrangement on mutually beneficial terms. In a statement on Monday, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, clarified that […]

Petrol Prices to Keep Falling Until Mid-Year, Rewane Predicts

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has predicted that the price of Premium Motor Spirit (petrol) will continue to decline until June 2025. Both Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) have significantly reduced fuel prices in recent weeks, alleviating financial pressure on millions of Nigerians who depend […]

Fuel Price Battle: NNPC Cuts Rates to Rival Dangote Refinery

Competition for market share between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) has intensified, with the latter reducing the price of Premium Motor Spirit (PMS) to ₦860 per litre. A market survey conducted by Channels Television on Tuesday confirmed the development. This price cut follows Dangote Refinery’s recent decision to absorb a […]

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