Business Hilights

Tracking Nigeria's Headline Business News Online

PENGASSAN

Chevron acted within prevailing labour laws in new contracts—Energy lawyer

A Lagos based legal practitioner majoring in energy issues, Dr. Joe Akihgbe has warned that the current threats by the national leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Association…

Fuel scarcity easing upon new threats as oil workers plan strike Dec. 18

Though clear indications across the country suggest that fuel scarcity is easing with speed, the country may likely face another round of fuel crisis next week. This stemmed from leading oil workers’ group, PENGASSAN who had last week, issued seven-day…

Job loss looms in oil sector over long wait for N720bn subsidy arrears from FG

Disquiet has overshadowed activities in the nation’s downstream oil and gas sector over protracted wait for the clearance of about N720bn being debt pileup growing from outstanding subsidy on the importation of petroleum products, accrued interest on loans from banks…

Oil workers 21 day ultimatum for nationwide strikes enter day 3 today

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Igwe Achese, has said there are strong chances of fuel scarcity in the Federal Capital Territory (FCT), Abuja following the decision taken to stop fuel supply…

Kachukwu clears air, says no plan to sell, concession or abandon any refinery, but…

After months of silence on what actually transpired between the Minister of State for Petroleum Resources and the ANI Agip group of Italy and Oando Nigeria, the Minister, Dr. Ibe kachukwu has come out to claim that “There has been…

ExxonMobil, PENGASSAN labour matter snowballing to halt oil production if…

Happenstances trailing the yet to be called off industrial action embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and a subsidiary of United States’ ExxonMobil Corporation is becoming a source of concern in the…

PENGASSAN flays dismissal of local staff of Exxon Mobil in place of expatriates

Incessant sack of Nigerians by International Oil Companies (IOCs) in place of expatriates which voids the spirit of Nigerian Local Content Law seems to be getting out of hand when the recent action by Exxon Mobil in the South South…

At last, General Electric offsets salary arrears of protesting workers’, ready for peace

The leadership of the Lagos Zone of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Monday confirmed the payment of salary arrears of protesting workers of the power giant, General Electric (GE). The payment was confirmed…