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Dangote Describes PENGASSAN’S Strike as Guerilla Warfare Against Nigerians

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. . . Challenges PENGASSAN, NUPENG to Publish Audited Accounts

The management of Dangote Petroleum Refinery has described the declaration of strike by the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) as a bully and guerrilla tactics meant to hold Nigerians to ransom for selfish agenda.

Dismissing as tissues of lies, the claims of mass sack made the PENGASSAN in its statement on Saturday night upon which it premised the call on its members to embark on strike, Dangote Refinery said what the Association has embarked upon is tantamount to act of terror.

These were detailed in a statement by the company during the weekend made available to Biztellers.

While highlighting the possible consequences of the strike on hapless Nigerians, Dangote Refinery management in a statement titled “Lawless PENGASSAN: Its lies and Terror Tactics”, said PENGASSAN could not justify its decision to hold over 230 million Nigerians to ransom by cutting off their essential supplies of petroleum products–kerosene, cooking gas, petrol, diesel, aviation fuel, amongst others.

It stated that the resolve by the Association to bully tactics could not justify the threat to the lives of persons, including infants and aged persons, who need the petroleum products and attendant necessities for their life-support systems in the hospitals, in care homes, and the Nigerian workers whose lives and livelihood are to be put at risk with the strike.

The Dangote Refinery management, therefore, called on the Federal Government and its agencies, as well as all Nigerians, to stare down the PENGASSAN and put a stop to the machinations and blackmail tactics of its oligarchs and sponsors.

“Assuming that there are Dangote Refinery workers or ex-workers who are affronted by or aggrieved over the organization’s decisions, they surely have remedies that they can pursue in accordance with their employment contracts. PENGASSAN should not and must not be allowed to incite those employees or ex-employees neither should it interpose itself between them and Dangote Refinery. PENGASSAN’s terrorist tactics must be defeated by the Nigerian people. It is in our interest to so do.

“PENGASSAN must not be allowed to persist in its bullying tactics against Nigerians. The Nigerian security and law enforcement agencies must provide security for the Nigerian workers in the oil and gas sector – all the facilities, installations and offices – so they can continue to provide their essential services to the Nigerian nation without let or hindrance by or from PENGASSAN and its co-travelers”, the refinery management stated.

The statement read “In our release, we pointed out that “over 3,000 Nigerians continue to work actively in our Petroleum Refinery” and that “we continue to recruit Nigerian talent through our various graduate trainee programs and experienced hire recruitment process”.

It also averred that the PENGASSAN has not joined issues with Dangote Refinery on these factual assertions; rather it continues to peddle the falsehood that Dangote Refinery has sacked “all Nigerians working in the refinery and” presumably hired “over 2,000 Indians” to replace them. That is complete falsehood. We also stated in the release that there is an “on-going reorganization within” the Dangote Refinery which has resulted in the discharge of “a very small number of staff” and that the “exercise is not arbitrary” but is being carried out “in the best interest of the Refinery”.

“These facts have not been rebutted by PENGASSAN neither has its oligarchs attempted to meet with Dangote Refinery to verify the truth. Rather it continues to peddle the falsehood that we have sacked “over 800 members” of PENGASSAN “for joining PENGASSAN”.

Assuming that was a fact, which it is not, would that justify the terror and guerrilla tactics that the Association is now unleashing on Nigerians? Would that justify holding over 230 million Nigerians to ransom by cutting off their essential supplies of petroleum products – kerosene, cooking gas, petrol, diesel, aviation fuel, amongst others? Would that justify threatening the lives of persons, including infants and aged persons, who need the petroleum products and attendant necessities for their life-support systems in the hospitals, in care homes, etc. Would that justify the bully tactics of putting the livelihoods of Nigerian workers – the very people that the PENGASSAN falsely professes to represent – and their extended dependents, at risk? And when we talk about Nigerian workers whose livelihoods are at risk, this goes well beyond the workers of Dangote Refinery and encompasses all Nigerian workers, including all the PENGASSAN members “across all offices, companies, institutions, and agencies” who are being commanded by the Association’s fiat, to down tools simply because the oligarchs within the Association believe it is fanciful to cut their noses to spite Dangote Refinery.

“This is a bully tactic that the Nigerian State and people must not succumb to or allow. As the Association rightly pointed out in its Release, “no man or company” – and we must add, or Association, be it PENGASSAN or any other – “no matter how highly placed” or entrenched, “is above the law and cannot be called to order by the national institutions”.

The oligarchs in the PENGASSAN have proved themselves to be terrorists and have turned the Association into a bully organization. It is time they be called to order. Indeed, over time, the Association has consistently proved itself as serving interests other than those of Nigerians and Nigerian workers, and a few illustrative examples would suffice:

“When in 2007 the Federal Government sold its moribund refineries in Port Harcourt and Kaduna to Blue Star Consortium led by Dangote Group at US$750million, it was this same bully Association, PENGASSAN and its co-travelers one of whom is the Nigeria Union of Petroleum and Natural Gas Workers (“NUPENG”) that vociferously sabotaged the process. It is now obvious to everyone that the FGN’s decision at the time was the right one and that PENGASSAN and NUPENG ignominiously wrote their names on the wrong pages of history. (See Annexures 1 and 2)

“More recently, PENGASSAN with its co-travelers loudly celebrated the purported rehabilitation of the Port Harcourt Refinery. Nigerians now know that the purported rehabilitation was a ruse and that PENGASSAN was knowingly celebrating a scam on Nigerians. PENGASSAN has also been in the forefront of opposing the amendment of the Petroleum Industry Act, 2021 in a manner that would allow the Federal Government to restructure the equity holdings of some of its upstream Joint Venture assets and thereby provide much-needed liquidity for the Government while injecting private-sector funding and expertise for the management of the assets. This is reminiscent of the inglorious role of the same PENGASSAN and its allies in aborting the sale of the Port Harcourt and Kaduna refineries in 2007.

“Dangote Group is the highest employer of labour in Nigeria and the highest contributor to the tax revenues of Nigeria and its sub-nationals. What comparable social responsibility has PENGASSAN, with its billions of Naira in monthly check-off dues and subscriptions, lived up to? Can it publish publicly its account for the last 10 years and list out its corporate responsibility activities within that timeframe?

ALSO READ: BREAKING: Dangote Cries Out Against PENGASSAN’s Supply Cut Directive

“Dangote Refinery is a national asset that must be protected by the Nigerian State and its people. It must not be threatened by the PENGASSAN oligarchs and their co-travelers. The threatened action by the Association against Dangote Refinery threatens the economic recovery and energy security of Nigeria. We must not allow the Association and its co-conspirators to sabotage and imperil the economic recovery and energy security of the country. The economic recovery of Nigeria must not be derailed and/or reversed by PENGASSAN. To paraphrase the perverted and abused sayings of the Association, no Association, not even PENGASSAN, “is bigger than our country”. “An injury” to Dangote Refinery by PENGASSAN, “is an injury to all”.

“We conclude by reasserting the opacity and lack of transparency in the operations of PENGASSAN as evident in its failure or inability to publish its audited accounts over the years. Why has the watchdog which the Association and its partner, NUPENG, profess to be, failed these several years to publish their respective audited accounts and be accountable to their members and the Nigerian people?

“We challenge both PENGASSAN and NUPENG to publish for the Nigerian public, within 7 (seven) days of this publication, their respective 10 (ten) years audited accounts, failing which they should permanently bury their heads in shame.”

NEWS

NNPC Posts N462b PAT for May

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Despite the global oil market tending to move in its favour, the Profit After Tax (PAT) of national oil major, the Nigerian National Petroleum Company Limited (NNPC Ltd) declined from the N481billion in April 2026 to N462 billion in May 2026.

This was detailed in its Monthly report Summary for May 2026.

In the month under review, the NNPC Ltd made N4.335 billion revenue, crashing from the N4.971trillion recorded in the preceding month.

According to the report, the NNPC Ltd paid N4.858 billion for six months statutorily into the federation account, January to May 2026, soaring from the N3.714 trillion paid till April 2026.
It added that 98 percent pipeline availability was recorded in the period under review.

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The report said, “From operational performance to strategic infrastructure delivery and community impact, we present to you some of the key highlights from NNPC Ltd.’s Monthly Report Summary for May 2026.

“The Report covers key performance indicators, including revenue of ₦4,335 billion, profit after tax of ₦462 billion, cumulative statutory payments of ₦4,858 billion for January to May 2026, 98% upstream pipeline availability, strategic operational initiatives, and many more.

“Together, these impressive figures reflect our continued focus on powering progress and delivering value across the energy value chain.”

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NEWS

PETROAN Calls for Dialogue over Fuel Prices

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The National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, said the minister has the power to intervene in ensuring consumers are not exploited, but that must be in consultation with stakeholders in the sector.

“The minister of petroleum has the power to intervene in ensuring that Nigerians are treated fairly. The NMDPRA has the power, and so does the FCCPC. However, these decisions to discipline or not to discipline should follow stakeholder practice.

“We have the petroleum stakeholder conference that is being headed by the minister. And I think that this is the time for the minister to convene a meeting of all the stakeholders to unravel what the scenario is and what the situation is and make a decision that is beneficial for Nigerians. That’s what I think we should do,” he said.

ALSO READ: Marketers Threaten Shutdown over Fuel Pricing Intervention by FG

Gillis-Harry maintained that the government should act without the consent of the stakeholders. “They have the right to intervene, but if they do that and the stakeholders have a different view, that will be difficult. And that’s why the minister should mandate a meeting to speak to all stakeholders as fast as possible.

“The minister has the power to intervene in matters like this, and every stakeholder, including the refineries, must comply,” he submitted.

As things stand, premium motor spirit (PMS) also known as petrol currently sells at prices ranging between N1,115 and N1,210, depending on the location.

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Marketers Threaten Shutdown over Fuel Pricing Intervention by FG

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Fuel marketers in Nigeria have expressed a strong determination to resist any form of meddlesomeness in pricing by the Nigerian government, threatening to shutdown filling stations to drive home their point.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, made the cartel’s position public on Tuesday.

Ukadike was reacting to statements credited to the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Monday asserting that the government would intervene to stem profiteering and other practices that exploit fuel consumers.

Lokpobiri had asserted that though the era of government-fixed petrol prices was over, deregulation did not mean regulators should abdicate their responsibility to protect consumers.

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The minister bared his mind in Abuja at the opening ceremony of the 2026 General Counsel and Legal Advisers Forum organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

His remarks came amid renewed public concerns over the failure of refiners and importers to lower the gantry prices of petroleum products even as crude prices fell from a high of $120 during the US-Iran war to as low as $72 a barrel.

During the Monday engagement, the oil minister told the NMDPRA to ensure Nigerians are not exploited by fuel marketers. “As part of the requirements of deregulation, prices have to be determined by market forces. The NMDPRA has a unique responsibility, compounded by the PIA, to ensure not only that products are available but also that unnecessary profiteering is stopped.

“Yes, the market is definitely deregulated, but that doesn’t limit deregulation… What is important is the reality of the situation in the industry. Primarily, market forces have to determine prices. But we also have a responsibility as a government to ensure that there is no profiteering. The PIA specifically vested (that power in) government institutions, including the NMDPRA,” Lokpobiri said.

However, the IPMAN spokesman denied allegations of profiteering, saying many marketers are running into losses with the series of reductions carried out lately by local refining giants, the Dangote Petroleum Refinery & Petrochemicals (DPRP).

Ukadike said the Federal Government should first investigate the root cause of the current high petrol prices and boost competition by making sure its refineries work, stressing that marketers will set selling prices according to purchase prices and running costs.

He warned, “Marketers will shut down if they try somehow to enforce price control. We are going to shut down our stations nationwide. You can’t be regulating a deregulated market. You can’t tell me how much to sell my product without trying to know how much I bought it.”

Recounting the ordeals of marketers, he said, “We, the independent marketers, are losing money. We bought petrol at a particular rate a few days ago; on our way to our filling stations, there was a reduction. We have been struggling with the price. We have been struggling against financial losses. We are also struggling against stagnation due to low patronage of our products. Because those marketers who are purchasing now are purchasing at a lower price, and they are selling cheaper.

“If you don’t bring down your price, you cannot see buyers. This is the beauty of deregulation. If you cannot compete, you will not survive in the market. And because most of us are trading on bank loans, the bank does not know when the price goes up or goes down. Their interest rate is fixed; their return on investment is fixed. So, you must pay them. This is the situation we find ourselves in.”

Ukadike maintained that the factors of demand and supply should determine price.

“By the time more products come in, you will see that the prices will go down. What we, independent marketers, are asking for is not about regulation or trying to bring price control or trying to force marketers to sell below or trying to force Dangote to sell below its production cost. What we are asking is to open up the various channels, boost importation, and let local refineries start refining. This will push the competition to the peak. With this, prices will drastically go down,” he stated.

He maintained that the Federal Government has to find out the remote cause of the high fuel prices before calling for price control.

“The primary cause of this is that there is no competition. If there should be competition, the refineries will be working. That is where the minister should put his energy to ensure that our local refineries or whatever partnership we have with the Chinese will work. It is not about going to filling stations to check who is selling at higher prices. Do you know how much I bought the fuel for? Can you have a regulated market in a deregulated economy? You can’t be blowing hot and cold at the same time. The PIA must be followed to the letter. If they try to enforce price control, we will shut down,” Ukadike said.

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