Ojulari said the industrial action halted loading and distribution for several days, creating an “artificial” spike in prices. He explained that as operations resume, supply is gradually stabilising and prices are expected to ease. “The increase you saw was relatively artificial because movements and loading were delayed by about two or three days,” he said. […]
In a statement released by the Minister of Labour and Employment, Mohammed Maigari Dingyadi, confirmed that the long-standing standoff was settled after extended conciliation meetings. The Minister reaffirmed that unionisation is a legal right of Nigerian workers and must be respected. Dangote Group has agreed to redeploy all disengaged staff to other companies within the […]
The launch took place in Abuja and was performed by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, represented by Jachinma Agu, Deputy Director of Reforms at the ministry. Oduwole described the standard as a vital tool in aligning Nigeria’s economic reforms with the administration’s Renewed Hope Agenda. She noted that fraud acts […]
The strike, which followed the weekend directive by the union’s National Executive Council, prompted members across the country to withdraw their services, effectively shutting down critical agencies that drive Nigeria’s oil and gas industry. According to journalists, the main gate was firmly locked, leaving several employees stranded outside the premises. Security operatives on duty confirmed […]
In a directive issued and signed by its General Secretary, Comrade Lumumba Okugbawa, the union accused the refinery’s management of unlawfully disengaging unionised workers and spreading misinformation rather than engaging in constructive dialogue with the union. “All branch chairmen, particularly those in the Nigerian Gas Infrastructure Company, NGIC, are directed to ensure that gas supply […]
The association alleged that over 2,000 Indian nationals were recruited by the company to take over the jobs of those sacked by Dangote. However, the Dangote refinery said only a few of its workers were fired over repeated cases of sabotage. In a statement made available to journalists, the management of the company said this […]
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025. The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing after the 302nd MPC meeting in Abuja. “The Committee decided as follows: (1) reduce the monetary policy […]
This information was disclosed by the Special Adviser to the President on Energy, Olu Verheijen, when she hosted the Managing Director and Chief Executive Officer of The Renaissance Africa Energy Company Limited, Tony Attah. “This is why we continue to work on investment-enabling reforms with a bid to achieve national targets. I congratulate Renaissance Africa […]
The exercise, led by an Inter-Agency Technical Committee, began at the Aneize oil field in Okpai, Delta State. It follows petitions from several states, including Delta, Anambra, and Imo, over the rightful ownership of oil and gas assets such as the Aneize field in OML 143, Eyine, and Ameshi fields. The committee includes representatives from […]
The report released on its website says the figure shows a significant improvement compared to 3.48 per cent recorded in the second quarter of 2024 and the 3.13 per cent recorded in Q1 2025. According to newsmen, the figures signal a strengthening economy, driven by recent rebasing, rebound in oil production and a resilient non-oil […]