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Dangote Refinery IPO to open within 12 days

  • 4th September 2026

PZ Cussons’ profit surges 349% on asset disposal

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NAICOM certifies Sovereign Trust Insurance under recapitalisation drive

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Nigeria, IEA deepen energy cooperation with new joint

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Dangote Refinery IPO to open within 12 days

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FAAN raises concern over e-hailing operators’ ill-treatment of Airport

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PZ Cussons’ profit surges 349% on asset disposal gains

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BREAKING: Nigeria’s external reserves cross $54bn, first time in

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Tag: PENGASSAN

Business

PENGASSAN, NUPENG raise alarm over proposed NNPC divestment

The Petroleum and Natural Gas Senior Staff Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers on Tuesday rejected alleged plans by the federal government to sell substantial stakes in Joint Venture assets operated by the Nigerian National Petroleum Company Limited. The unions cautioned that such a move would threaten economic […]

Oil and Gas

PENGASSAN urges FG to divest majority stake in state-owned refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged the federal government to sell its controlling shares in state-owned refineries. Speaking on Thursday in Abuja at the 4th PENGASSAN Energy and Labour Summit (PEALS 2025), the association’s president, Festus Osifo, made the call, according to NAN. The event, themed “Building a Resilient […]

Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown
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PENGASSAN halts operations at OML-18 in Rivers

Operations at Oil Mining Lease (OML-18) in Rivers State have been suspended due to industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The OML-18 facility, situated along the Cawthorne Channel between Degema and Akuku Toru Local Government Areas, was closed as the union confronted NNPC Eighteen Operating Limited, a subsidiary […]

Oil theft: PENGASSAN finger military, others
Oil and Gas

PENGASSAN faults FG’s upstream oil tax incentive over insecurity, others

The Petroleum and Natural Gas Senior Staff Association of Nigeria has raised concerns over President Bola Tinubu’s recent Executive Order aimed at boosting offshore oil and gas production. The union warned that certain provisions in the policy could weaken the enforcement of the Nigerian Oil and Gas Industry Content Development Act, potentially undermining local participation […]

Oil theft: PENGASSAN finger military, others
News

PENGASSAN urges FG to increase stake in Dangote refinery

The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to raise its stake in the Dangote Petroleum Refinery from 7% to at least 45%. They argue that this increase would enhance energy security and assurance for citizens, ensuring more stable access to vital resources. This was disclosed by […]

News

NUPENG, PENGASSAN calls for reversal of helicopter landing fee

Petroleum workers, under the aegis of the Nigerian Union of Petroleum and Natural Gas Workers and Nigeria’s Senior Oil Staff Association, have called for a lifting of the new landing fee imposed on helicopter operators. This was disclosed in a joint statement by the General Secretary of NUPENG, Afolabi Olawale, and PENGASSAN’s General Secretary, Lumumba […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
News

NUPRC: PENGASSAN demands reversal of 4% cost collection split

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff’s office to request that the decision to divide the 4% cost collection from the Nigerian Upstream Petroleum Regulatory Commission be reversed. According to Nairametrics, the president was given till Wednesday, July 19 by PENGASSAN to […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Economy

FG is drowning in debt servicing – PENGASSAN

Petroleum workers in Nigeria have cautioned about Nigeria’s expanding debt profile, which recently reached N77 trillion after parliament allowed the securitization of CBN Ways and Means loans. Nairametrics reported that they emphasized that borrowed money should not be used for consumption but rather should be put toward business endeavors and the construction of infrastructure. This information […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Oil and Gas

Petrol will cost below N500 after subsidy removal – PENGASSAN

The president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has predicted that if the fuel subsidy is removed, petrol will be sold for less than N500 per liter. This is in accordance with a statement published following the National Executive Council meeting of his association, which took place on March […]

Oil theft: PENGASSAN finger military, others
Oil and Gas

Oil theft: PENGASSAN finger military, others

The Nigerian Army and other security outfits have been accused in the oil theft skirmish by the Petroleum and Natural Gas Senior Staff Association of Nigeria. According to The Punch, PENGASSAN made the accusation during the oil lifting and theft investigation chaired by Senator Akpan Bassey sitting at the Senate on Wednesday. The National President […]

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