Business
NUPENG Strike, Nigerians Back Dangote Over CNG Trucks
Nigerians on social media have rallied behind the Dangote Petroleum Refinery in the wake of opposition from the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) over the refinery’s proposed deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for fuel distribution.
The NUPENG’s declaration of a nationwide strike in protest against the initiative has ignited widespread debate across digital platforms, with timelines on X, Instagram, Facebook, and LinkedIn flooded with commentary, many of which favour the refinery’s move towards cleaner and more efficient fuel logistics.
For many Nigerians, this is not just a battle between a union and a private company; it is a fight over the future of fuel distribution, efficiency, and the nation’s economic direction.
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Some social media users were frustrated by what they see as decades of union dominance and disruption.
On X, @olat187 noted, “Nigerians stand with @DangoteGroup. @officialNUPENG9 has been making the lives of Nigerians unbearable for years.” James O. echoed this sentiment more profoundly, stating, “Nigerians, the ONLY business leader and saviour we have that keeps ordinary citizens surviving is @DangoteGroup. Nigerians are fully behind you all. If they like they should go on strike, gone are those days, Nigerians are growing beyond all this.”
Industry professionals and commentators are also weighing in with sharp rebukes of the NUPENG’s stance. Prof Olushola Bamidele drew an analogy that resonated widely: “So, if I come up with a business innovation, and it threatens your own business, you can try to force me to abandon my innovation? I sell ogbono seed in my village to middle men who take them to the city. I decide one day to buy a pick-up van so I can deliver to the customer directly in the city. Should the middle man fight me or find a way to survive? I don’t understand the logic of this impending NUPENG strike.”
Similarly, Dr. Tosan Harriman pointed out, “For a very long time it is obvious @officialNUPENG9 is spoiling for war over their restricted role in the present dynamics. They don’t think about the people, just self.”
Other social media users called out what they viewed as manipulation and sabotage attempts. @Joguns argued, “#DangoteRefinery is a private biz. Just like private universities reserve the right to join ASUU strikes, @AlikoDangote should be allowed to run his business legally and for the benefit of Nigerians.”
Tzalmon was even more suspicious, suggesting that “these unions are solely focused on exploiting the people. I can’t help but question whether the @DangoteGroup truck accidents are orchestrated to sabotage the company.”
On Facebook, Gbenga Emmanuel opined that “this is the part where @DangoteGroup should motivate some private individuals to invest in filling stations that will be loyal to it across the country since @officialNUPENG9 and @PETROAN are moving crazy.”
The larger concern about foreign influence also surfaced in the debate.
Ebere Anosike observed that “it seems NLC & NUPENG are being used to sabotage Dangote Refinery and thus Nigeria’s economy to save Western refineries that are worrying about declining fuel imports. The more worrying aspect is NUPENG workers might not even know they’re being used by unseen hands controlling their top officials. A serious country would quickly investigate them for possible economic treason.”
On Instagram, Adesuyi bluntly remarked, “For years @officialNUPENG9 don show Nigerians sege. Now that there’s competition they can’t withstand it. Anyways Nigerians will stand with @DangoteGroup.”
Tech-driven voices on X also chimed in, with @NaijaLogistics saying, “Union should not hold the country to ransom. Dangote’s game is innovation—let’s embrace progress, not protest.”
As one LinkedIn user put it, “Disruptive? Yes. But anything revolutionary faces resistance. What Dangote is doing will be studied in business schools around the world.”
Chevron Nigeria won the second-best exhibitor award at the just-concluded 2026 Nigerian Association of Petroleum Explorationists (NAPE) conference and exhibition at Eko Hotels and Suites, Victoria Island, Lagos.
Biztellers reports that Olajumoke Cecilia Ajayi, FNAPE, NAPE President (2025–2026) and Managing Director/CEO of Ingentia Energies Limited, presented the award to Chevron, during the awards dinner on November 12, 2026.
The award is in recognition of Chevron’s outstanding exhibition, where visitors to its booth, particularly students, took part in Geology/Geophysics presentations and quizzes, word games, and Human Resources/Nigerian Content presentations and quizzes, with gifts for winners and participants.
Commenting on the award, the leader of the Chevron’s exhibition team, Dr. Victor Anyaegbudike, Manager Communications, Chevron companies in Nigeria and the Mid Africa Region, commended NAPE for its commitment to hosting the annual conference and exhibition. He noted that Chevron has operated in Nigeria for over 60 years, contributing to the country’s growth and development and making human investments that yield long-term, transformative returns.
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“At Chevron Nigeria, we drive innovation and investment to open up opportunities for growth, jobs, productivity and lasting value. Forums like the NAPE conference and exhibition matter because they bring government, academia, students and industry together around shared goals and a better understanding of one another,” he remarked.
Victor noted that Chevron is committed to building productive, collaborative and mutually beneficial relationships, grounded in trust, with governments, partners, customers, communities and employees. “We believe that affordable, reliable and ever-cleaner energy is vital to a more prosperous and sustainable world,” he said.
Attendees at the NAPE conference and exhibition included representatives of the Federal Government of Nigeria, industry regulators, industry leaders, academics, and students from tertiary institutions across the country.
The Nigerian Exchange Limited (NGX) recorded a 1.36 per cent weekly gain as its market capitalisation increased to ₦163.80 trillion at the close of trading on Friday, November 13, 2026.
The NGX All-Share Index (ASI) rose to 252,269.16 points, pushing the market’s year-to-date return to 62.11 per cent.
The performance reflected a positive trading week for the equities market, with 43 listed companies recording price appreciation, compared with 29 in the previous week.
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According to the Exchange’s weekly market report, investors traded 8.03 billion shares valued at ₦185.36 billion in 160,836 deals during the week.
This represented a significant increase in trading volume from the 2.83 billion shares exchanged in 192,158 deals in the preceding week, although the total value of transactions declined from ₦208.41 billion.
The Financial Services Industry dominated trading activities, accounting for 4.85 billion shares worth ₦95.79 billion. This represented 60.45 per cent of the total equity turnover volume and 51.68 per cent of turnover value.
The Agriculture Industry followed with 2.24 billion shares valued at ₦22.78 billion, while the Consumer Goods Industry recorded 260.99 million shares worth ₦11.89 billion.
Further details of the market performance showed that 39 equities declined during the week, compared with 57 in the previous week, while 64 equities closed unchanged against 60 recorded in the preceding period.
On the gainers’ chart, Champion Breweries Plc emerged as the best-performing stock, appreciating by 27.27 per cent, while LivingTrust Mortgage Bank Plc recorded the biggest loss, declining by 18.53 per cent.
Meanwhile, trading in Exchange-Traded Products (ETPs) stood at 1.21 million units valued at ₦278.97 million in 3,351 deals, compared with 1.46 million units worth ₦381.82 million in 4,085 deals in the previous week.
The fixed-income segment recorded 156,612 units valued at ₦177.88 million in 41 deals, against 21.99 million units worth ₦20.60 billion in 48 deals recorded in the preceding week.
The Exchange also recorded the listing of two commercial paper instruments issued by Thrive Agric Limited.
The instruments comprised ₦3.17 billion Series 1 (Tranche A) and ₦2.09 billion Series 1 (Tranche B) Commercial Papers, with a combined value of approximately ₦5.26 billion.
Nigeria produced a daily average of 1.687 barrels of crude oil and condensate in October 2026, and met its OPEC quota for the sixth consecutive month.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that in strict crude oil terms (excluding condensate), the country produced an average of 1.51mbpd in October.
This is 101 percent of the 1.5mbpd quota set by OPEC.
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The data, released on Wednesday, also shows that single-day production hit a peak of 1.79 million barrels, while the lowest for the month under review stood at 1.60 million bpd.
The crude oil data (excluding condensate) shows that Nigeria has met its assigned OPEC quota for six straight months, producing 1.53mobpd in May; 1.55mobpd in June; 1.51mobpd in July; 1.5mobpd in August, 1.53mobpd in September and 1.51mobpd in October.
On a month of month basis, however, production dipped by 1.7 percent.
The NUPRC attributed the stable performance in recent months to an enhanced operational stability, supported improved production uptime and crude evacuation efficiency.
The sustained growth recorded in October reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.
A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Forcados Terminal accounted for 318.49kbpd while Bonny comes second with 311.02kbpd.
Qua Iboe Terminal recorded an average production of 173.97kbpd of crude oil and condensates while Escravos Oil Terminal posted a daily average of 134.67kbpd.
Bonga ranked as the fifth highest producing terminal, recording an average of 106.65kbpd of crude oil and condensate.
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