TUC President Osifo: Nigeria’s Refineries Worked But Ran at Loss
TUC president Festus Osifo insists Nigeria’s refineries did function but at a loss, calling for 51% private control to improve efficiency and end recurring shutdowns....
Oil&Gas
Controversy Over NUPRC’s Proposed Role as Oil Concessionaire
The Federal Government’s plan to make the NUPRC concessionaire of oil blocks, displacing NNPC Ltd, has triggered opposition from stakeholders who warn of conflict of interest and legal risks....
Oil Workers Warn FG’s JV Stake Sale Could Bankrupt NNPC Ltd
By IDNN Energy Desk The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers......
Restructure, Buy Port Harcourt Refinery, Otedola Tells DAPPMAN Amid Brawl With Dangote
Billionaire Femi Otedola has urged depot owners to restructure or risk irrelevance as Dangote’s refinery reshapes Nigeria’s downstream oil sector. His comments sparked backlash from oil marketers....
Dangote direct fuel supply disrupts market as bulk buyers ditch middlemen
Dangote Refinery’s direct distribution scheme is disrupting Nigeria’s downstream sector as bulk buyers and filling stations abandon middlemen for free delivery....
Dangote accuses NUPENG of ₦50k truck levies, warns consumers will bear the cost
Aliko Dangote alleges NUPENG collects ₦50,000 per fuel truck at his refinery, warning such levies inflate pump prices and hurt Nigerian consumers....
Otedola tells DAPPMAN: Dangote refinery has ended outdated fuel supply model
Billionaire Femi Otedola says Dangote’s refinery has rendered DAPPMAN’s depot business obsolete, urging members to adapt or face bankruptcy....
Dangote DAPPMAN subsidy dispute deepens as refinery dares marketers to go to court
Dangote Refinery has challenged petroleum marketers to seek legal redress over subsidy demands, rejecting calls for a ₦1.5trn intervention to balance fuel prices....
Court Halts NUPENG Strike, Shields Dangote Refinery from Shutdown
The National Industrial Court has issued an interim order restraining NUPENG and truck drivers from disrupting operations at Dangote Refinery. The ruling follows growing tensions over workers’ rights and allegations of anti-labour practices. Justice E.D. Subilim said irreparable harm could occur if refinery activities were crippled, a decision welcomed by Dangote’s legal team....
Dangote Declares End to Nigeria’s 50-Year Battle with Fuel Queues
Aliko Dangote says Nigeria’s five-decade struggle with petrol scarcity has ended following one year of operations at his 650,000-bpd refinery. At an anniversary briefing, he said pump prices had dropped to ₦841 per litre, while 4,000 new CNG trucks will cut costs and create 24,000 jobs. Dangote vowed to expand capacity to 700,000 barrels daily....