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NUPENG threatens to resume strike, blocks loading in Dangote Refinery

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• Refinery dismisses allegations
• Reaffirms Commitment to Labour Rights, Economic Development

The recently brokered peace by the Ministry of Labour and Employment between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery may be short-lived as NUPENG yesterday threatened to resume industrial action.
NUPENG, in an issued statement yesterday accused Dangote Refinery of negating the resolutions reached at the peace meeting.
The Union, in its statement, accused Alhaji Sayyu Aliu Dantata, the founder of MRS Holdings, of instructing all his Truck Drivers who are NUPENG-PTD members for several years to remove the Union Stickers from their trucks yesterday, and subsequently “instructed them to forcefully drive into Dangote Refinery to load.”
The statement further explained that NUPENG officials stopped the trucks entering the Dangote Refinery to load because “their trucks violated Union loading rules and regulations.” At this point, the union alleged that Dantata then invited the Navy to come over “ostensibly to crush the Union officials.”
But responding to the allegation, Dangote Petroleum Refinery, in a statement last night, dismissed recent allegations made by the NUPENG, insisting that claims of anti-labour practices, monopolistic behaviour, and planned fuel price hikes are “entirely unfounded.”
In its official response, Dangote Refinery reiterated its full support for constitutionally protected labour rights, stating that employees are free to affiliate with any recognised trade union. “Assertions that drivers are compelled to waive union rights are categorically false,” the statement said, adding that the dispute involves NUPENG’s Petrol Tanker Drivers (PTD) unit and does not implicate the refinery in any breach of rights,” the statement said.
The NUPENG statement, signed by NUPENG’s President, Akporeha Williams and General Secretary Afolabi Olawale, also accused the Dangote Refinery of working against the agreement.
The statement, titled: “Dangote Empire Negates Resolutions Reached On 9th September 2025,” issued by NUPENG yesterday, read: “This is to alert the general public and the government of the Federal Republic of Nigeria that notwithstanding the resolution reached and signed at the office of the DSS with three Ministers of the Federal Republic of Nigeria and the Deputy Director General of the DSS in attendance on the right of unionisation of the workers, Alhaji Sayyu Aliu Dantata on Wednesday, 10th September, 2025 instructed all his Truck Drivers who are NUPENG-PTD members for several years to remove the Union Stickers from their trucks yesterday.
“Today, Thursday (yesterday), 11th September, 2025, he instructed them to forcefully drive into Dangote Refinery to load and Union officials stopped them from entering the Refinery to load because their trucks violated Union loading rules and regulations.
“Alh Sayyu Aliu Dantata flew over them several times with his helicopter and then called the Navy of the Federal Republic to come over ostensibly to crush the Union officials.
“Our members are waiting for him and his agents to run them over. We call on everyone to let Alh Sayyu Aliu Dantata know that he is not bigger than the Federal Republic of Nigeria and we strongly condemn his arrogant attitude towards official institutions of this great country and blatant lack of respect for the laws of this country. We call on the Federal Government not to allow the Navy and other security agents being paid by the resources of this country to be used with impunity against the laws and people of this country. Security agents should not allow an individual to ride roughshod with impunity even while not observing terms of agreement reached in meetings in which security agents facilitated along with Ministers of the Federal Republic of Nigeria.
“We are by this statement placing all our members on red alert for the resumption of the suspended nationwide industrial action and calling on the Nigeria Labour Congress, Trade Union Congress, all Regional and Global Working people and Civil Society Organisations to rise in support and solidarity against this threat of the Capitalist world.
“His wealth cannot make him above the law”
“We assure the people and the government of the Federal Republic of Nigeria that NUPENG will continue to remain a patriotic, responsible and responsive organisation to this great country.”
According to Dangote Refinery, central to NUPENG’s allegations is the roll-out of over 4,000 CNG-powered bulk trucks, which the union claims could displace existing jobs. Dangote Group firmly refuted this, describing the initiative as a cornerstone of Nigeria’s energy transition strategy.
“The deployment of CNG-powered trucks is a strategic initiative designed to support national energy transition goals, not to displace existing jobs,” the company stated. Each truck will be operated by a six-person team, with drivers receiving salaries significantly above the national minimum wage, plus medical cover, pensions, housing allowances, and long-term access to housing loans. The company aims to have 10,000 such trucks in operation by year-end, potentially creating over 60,000 direct jobs.

Responding to accusations of monopolistic behaviour, Dangote Refinery emphasised its compliance with Nigeria’s deregulated oil sector under the supervision of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The company highlighted that over 30 refinery licences have been issued to private players, with active developments by BUA, Aradel, Walter Smith, and the Edo Refinery. “While we are major industry player, our presence has revitalised the downstream sector, reopened previously dormant petrol stations and restored investor confidence,” the management said.
The statement also drew parallels with the company’s influence in the cement industry, noting that Dangote’s entry helped eliminate Nigeria’s reliance on imports and spurred the rise of other local producers.
Dangote Refinery strongly denied any plans to increase fuel prices. On the contrary, the company claims its operations have stabilised fuel availability and driven down costs. Diesel prices, for instance, have dropped by over 30% in the past year, and petrol prices in Nigeria are now reportedly lower than in oil-rich nations like Saudi Arabia and 40% cheaper than neighbouring West African countries.
The company also pointed to its N720 billion investment in CNG infrastructure as evidence of its commitment to reducing logistics costs and improving nationwide fuel distribution.
Dangote stated it maintains a cordial and cooperative relationship with all recognised trade unions, including NUPENG. It rejected accusations of walking out on recent conciliation efforts, stating that the union had not formally communicated any grievances before going public.
“We acknowledge and appreciate the intervention of the Federal Government, particularly the Ministry of Labour and Employment, and remain fully supportive of ongoing efforts to achieve a lasting resolution. We hold both the Minister, Dr Mohammed Dingyadi (Katuka Sokoto) and Mrs. Nkiruka Onyejeocha, in the highest regards, and reject any suggestion that we have acted in a manner that would undermine their involvement. The Hon. Minister granted Mallam Sayyu Dantata the permit to enable him attend to his medication,” the company said, expressing appreciation for the roles played by the Ministry of Labour and Employment and key ministers involved in mediating the dispute.
With over 570,000 direct and indirect jobs created, including through road, power, and water infrastructure projects, Dangote Refinery has positioned itself as a centre for skills development and technology transfer in Nigeria.
Reiterating its commitment to responsible business, Dangote Group concluded by dismissing the monopoly allegations as “recycled falsehoods”, urging other private sector players to follow its lead in investing in Nigeria’s economic future.
“At Dangote, we have chosen to invest boldly in Nigeria’s future and we will continue to do so. It is time others follow suit.”

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Energy

Dangote Refinery pushes Nigeria to petrol net exporter in March

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Nigeria recorded a historic shift in its downstream petroleum trade in March, emerging as a net exporter of gasoline for the first time, driven largely by rising output from the Dangote Petroleum Refinery & Petrochemicals.

 

Data from market intelligence firm, Kpler, showed that gasoline (petrol) imports into the country dropped sharply to 41,000 barrels per day (bpd) in the month of March, the lowest level on record. At the same time, crude supply to the

Dangote facility rose to about 565,000 bpd, the second-highest intake since the 650,000 bpd refinery commenced operations in late 2023, indicating strong processing rates and increased product yield.
Total gasoline exports from the Dangote Refinery rose to 44,000 bpd in March, compared to no exports recorded in January and February. This shift enabled Nigeria to post a net export position of approximately 3,000 bpd for the month in review.

 

In expanding its market reach, the Dangote Refinery exported gasoline to East Africa for the first time, shipping a 317,000-barrel cargo to Mozambique. The move reflects growing demand in the region as buyers seek alternatives to Middle East Gulf supplies amid ongoing disruptions. Another April shipment from the refinery is also bound for Beira, Mozambique.

 

Nigeria’s emergence as a gasoline exporter is expected to reshape regional trade flows and intensify competition in global markets. Analysts note that the development adds pressure to Europe’s already oversupplied gasoline market, as Nigeria transitions from a key import destination to a potential competing supplier.

The March milestone signals a significant step in Nigeria’s drive towards self-sufficiency in refined petroleum products and its ambition to become a net exporter in the global energy market.

President/Chief Executive, Dangote Industries Limited, Aliko Dangote, recently described President Bola Tinubu’s ongoing economic and energy sector reforms as critical to restoring market confidence and enabling large-scale investments in domestic refining.

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Energy

Dangote key to tackling Africa’s food security challenges, says UN Envoy

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The Deputy Secretary-General of the United Nations, Amina Mohammed, has underscored the strategic importance of Dangote Industries Limited -particularly Dangote Fertiliser Limited—in addressing Africa’s mounting food security challenges, while calling for stronger global partnerships to scale its impact.

 

Speaking during a visit to the company’s industrial complex in Ibeju-Lekki, Lagos, Mohammed said the United Nations would prioritise amplifying scalable solutions capable of mitigating the continent’s food crisis, describing Dangote’s integrated industrial model as a critical pathway.

“I think the UN’s job here is to amplify and to put visibility on the possibilities of mitigating a food security crisis, and this is one of them,” she said. “I hope that when we go back, we can continue to engage partners and countries that should collaborate with Dangote Industries.”

Her remarks comes at a time of heightened concern over food shortages and supply chain disruptions across Africa, driven by global economic pressures, climate-related shocks and geopolitical tensions, particularly in the Middle East.

 

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, said the group has ramped up exports of urea and Premium Motor Spirit (PMS) to African markets affected by supply disruptions arising from the crisis.
Noting the widening impact of the situation across the continent, Dangote said the company has intensified shipments of fertiliser to support agricultural productivity and ease supply constraints.

 

“The challenges are many. One is of urea, which is fertiliser that we have. I think in the last couple of days we’ve been loading to mostly African countries, which we were not doing before,” he said. “And then now it’s to do with petroleum products, which we are now sending mainly to African countries,” Dangote said.

He added that the refinery has shipped about 17 cargoes of petrol to African countries to cushion the impact of the crisis, leveraging its 650,000 barrels per day capacity to stabilise supply across multiple regions.

“What I can do is assure Nigerians … and most of West Africa, Central Africa, and East Africa, we have the capacity to supply them,” Dangote said.

 

On feedstock supply, Dangote commended the Nigerian National Petroleum Company Limited for increasing crude deliveries to the refinery in March, noting that volumes rose to 10 cargoes—six supplied in naira and four in dollars—to support domestic fuel availability.

“Last month, they gave us six cargoes for naira and four cargoes for dollars,” he said.

Despite the improvement, the supply remains below the 19 cargoes required for optimal operations, with the refinery continuing to bridge the gap through imports from the United States and other African producers.

Dangote also expressed concern over the unwillingness by international oil companies operating in Nigeria to sell to the refinery, stating that their preference for selling crude to traders forces it to repurchase at higher costs, with broader implications for the economy.

He added that the refinery is seeking increased access to domestically priced crude under local currency arrangements as part of efforts to moderate fuel costs and enhance long-term energy and food security across the continent.

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Energy

Eterna Plc records 52.9% growth in PBT for FY2025

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Eterna Plc yesterday announced its audited financial results for the full year ended 31 December 2025, delivering a strong performance marked by significant profit growth and improved balance sheet strength.

The Company recorded revenue of ₦302.37 billion for the year, while profit before tax (PBT) rose to ₦7.27 billion, representing a 52.9 per cent year-on-year increase from ₦4.48 billion in 2024. Profit after tax stood at ₦2.92 billion, with earnings per share (EPS) of ₦2.24, reflecting enhanced value creation for shareholders.

The company’s financial position strengthened during the year, with total assets rising to ₦92.19 billion, driven by its inventory, while shareholders’ funds increased to ₦7.77 billion, reflecting improved retained earnings and enhanced balance sheet resilience.

The performance reflects the Company’s continued focus on operational efficiency, improved cost management, and strategic positioning across its fuels, lubricants, and gas businesses.

 

In line with its commitment to delivering value to shareholders, the Board of Directors has proposed a dividend of ₦0.50 per share for the financial year ended 31 December 2025, subject to shareholders’ approval at the upcoming Annual General Meeting.

 

Commenting on the full 2025 FY results, Managing Director/Chief Executive Officer, Olumide Adeosun, stated that the company remains focused on operational efficiency and sustainable asset expansion, while strengthening its market position across its fuels, lubricants, and gas businesses.

“Eterna Plc remains committed to building on this performance through retail expansion, increased product offerings, operational improvements, and customer-focused initiatives aimed at enhancing value for our shareholders,” Adeosun said.

 

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