PENGASSAN Warns Against Full Sale of Refineries, Cites Energy Security Risks

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious concerns over the Federal Government’s plan to dispose of its entire equity in Nigeria’s state-owned refineries, cautioning that a total sale would undermine the country’s energy security and expose it to supply risks. Speaking on Sunday Politics, PENGASSAN President, Festus Osifo, […]

Crude Oil Accounts for Over 56% of Nigeria’s Exports in Q3 2025 — NBS

Nigeria’s export earnings in the third quarter of 2025 were once again powered overwhelmingly by crude oil, with the commodity generating about ₦12.81 trillion and reinforcing the petroleum sector’s grip on the country’s foreign trade, according to new figures released by the National Bureau of Statistics (NBS). Data from the NBS Foreign Trade in Goods […]

Lagos Would Be Better Than London, New York If Nigeria Kept Oil Proceeds – Akon

Senegalese-American singer and entrepreneur Akon has stirred widespread conversation after sharing a bold vision of what Nigeria could have become had it retained full control of its oil wealth since independence. In a thought-provoking Instagram post, the Grammy-nominated artist reflected on how Nigeria’s economic and political landscape—and even the balance of global power—might look today […]

Dangote Refinery Sacks All Nigerian Staff After Unionisation With PENGASSAN

The management of Dangote Petroleum Refinery has reportedly terminated the employment of all its Nigerian staff, barely 24 hours after the majority of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). In an internal memo dated September 25, 2025, and signed by the Chief General Manager of Human Asset Management, […]