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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued an ultimatum to the management of Dangote Refinery to reinstate more than 800 Nigerian workers allegedly sacked and replaced with foreign nationals. In a statement signed by its General Secretary, Mr. Lumumba Okugbawa, and released Friday in…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has clarified the status of the TotalEnergies and Chappal Energies deal, saying the ministerial consent for it on Oct. 28, 2024 was withdrawn on May 29, 2025. Mr Eniola Akinkuotu, Head, Media and Strategic Communications, NUPRC, in a statement on Thursday, said the…

The Federal Ministry of Petroleum Resources has inaugurated its Plan Implementation Committee for the forthcoming National Development Plan (NDP) 2026–2030, in line with the Federal Government’s directive to Ministries, Departments, and Agencies (MDAs) to begin early preparations for a smooth transition from the current NDP 2021–2025. The inauguration ceremony, held…

Nigerian billionaire, Aliko Dangote, has accused powerful “oil mafias” in the nation’s petroleum sector of working to sabotage his $20 billion Dangote Petroleum Refinery. Speaking during the refinery’s first anniversary of petrol production, Dangote warned that the same forces that destroyed Nigeria’s once-thriving textile industry decades ago are now targeting…

The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has reaffirmed Nigeria’s firm commitment to working with fellow African nations to achieve sustainable energy security across the continent. Speaking at the 7th African Petroleum Producers’ Organisation (APPO) National Oil Companies CEOs Forum, Ojulari underscored the urgency for…

The Defence Headquarters (DHQ), has directed ex-military veterans protesting at the Federal Ministry of Finance over unpaid benefits to vacate the premises and allow government activities to function effectively. The discharged soldiers, who since Monday had barricaded the entrance gate of the ministry in Abuja and prevented staff from entering,…

Samsung has reported a significant drop in its second-quarter (Q2) 2025 operating profit, with figures plunging by 55 per cent year-on-year to KRW 4.7 trillion ($3.4 billion), as the company grappled with a downturn in the semiconductor sector. Samsung made this known in its second quarter report made available on…

The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall…

The National Insurance Commission (NAICOM) has officially unveiled a comprehensive set of guidelines to regulate Insurtech operations in Nigeria, marking a major step in modernizing the country’s insurance landscape. The new regulatory framework, which takes effect on August 1, 2025, is the outcome of extensive stakeholder engagement and is designed…

Concisedailynews – The Independent National Electoral Commission (INEC) and the National Orientation Agency (NOA) are set to intensify collaboration on public sensitisation and voter mobilisation efforts across Nigeria. Both institutions seek to strengthen civic participation in the electoral process. This renewed commitment emerged during a strategic engagement held at INEC…