Energy
NUPENG threatens to resume strike, blocks loading in Dangote Refinery
• 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.”
Energy
Oil price rises on Israel strike on Iran
• Strait of Hormuz may attract transit fees
Oil prices rose yesterday following a strike on Iran by Israel. The Brent Crude sold for $94.24 per barrel, while the West Texas Intermediate (WTI) sold for $90.98 per barrel.
Experts however fear that the prices could reach even higher levels by next week if a truce is not brokered between the warring U.S, Israel and Iran.
The U.S.-Israeli war on Iran has largely cut oil flows via the Strait of Hormuz, which before the conflict saw one-fifth of the world’s oil pass through. Several tankers have managed to leave the Gulf recently, but oil and liquefied natural gas flows are still severely constrained.
According to a report by Reuters, Iran’s ambassador to Moscow was quoted as saying yesterday that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee.
“Of course, this strait will be open, but with new conditions to be determined by the Iranian and Omani authorities,” Ambassador Kazem Jalali told the Russian newspaper Izvestia in an interview published yesterday.
“We understand that Iran and Oman provide certain services related to this strait. And fees will be charged for those services,” he said without elaborating.
Iran has asserted that a permanent peace deal should allow it to demand fees for ships passing through the strait, which would vary depending upon the type of ship, its cargo and prevailing conditions.
That position is vehemently opposed by U.S. President Donald Trump. In late May, the U.S. warned Oman not to get involved in any effort with Iran to impose a toll and Treasury Secretary Scott Bessent said Oman’s ambassador had told him there were no plans to impose such tolls.
Yesterday, Israel said it struck military targets in western and central Iran, even after Trump reportedly told Israeli Prime Minister Benjamin Netanyahu to refrain from further attacks.
Japan, which imported about 95 per cent of its oil needs from the Middle East before the war, said it did not pay a fee after a Japan-linked crude oil tanker passed through the waterway in May.
…Culled from Reuters.com
….Headline, rider reworked by TheTrustNews.com
Energy
Heirs Energies $750m financing wins “Deal of the year” award
Heirs Energies Limited, an indigenous integrated energy company, has been recognised on the global stage after its landmark $750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. The award was presented last week in London and recognises one of the largest financings secured by an indigenous African energy company.
Commenting on the recognition, Osa Igiehon, Chief Executive Officer of Heirs Energies, said:
“This recognition reflects the confidence that African and international financial institutions continue to place in Heirs Energies, our strategy, and our long-term vision.
The transaction demonstrates that indigenous African energy companies can successfully structure and execute world-class financing solutions that support investment, growth, and value creation. We are proud to receive this award and grateful to our financing partners, advisers, and stakeholders whose support made it possible.”
The Executive Vice President, Global Trade Bank at Afreximbank, Haytham ElMaayergi, said: “We are truly honoured that the $750 million dual-tranche Senior Secured Reserve-Based Lending facility for Heirs Energies has been recognised as Best Oil & Gas Deal of the Year by the EMEA Finance Project Finance Awards.”
According to him, the recognition underscores the importance of well-structured, Africa-focused financing in supporting indigenous energy companies with strong governance, high-quality assets and clear long-term growth plans. He praised Afreximbank for supporting the transaction saying it demonstrates how African financial institutions can help mobilise capital for strategic businesses that advance energy security, production capacity and sustainable value creation across the continent.
In similar vein, the Executive Director and Chief Financial Officer of Heirs Energies, Samuel Nwanze, added: “This award validates the strength of the transaction and the confidence our financing partners placed in Heirs Energies. The facility was designed to support our long-term growth strategy, enabling continued investment in field development, production optimisation, and sustainable value creation. We are pleased to see the transaction recognised on such a respected global platform.”
Stakeholders agreed that the financing represented a major milestone in Heirs Energies’ evolution from acquisition-led financing to a capital structure aligned with the long-term development profile of its reserves. It further reinforced the Company’s position as a leading indigenous energy producer and demonstrated the ability of African institutions to finance transformational African businesses.
The EMEA Finance Project Finance Awards recognise outstanding transactions across Europe, the Middle East, and Africa, celebrating excellence, innovation, and impact in project and structured finance.
Energy
NUPRC, NNRA collaborate on radiation safety, regulatory efficiency
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is partnering the Nigerian Nuclear Regulatory Authority (NNRA) in order to enforce radiological safety in oil and gas operations and reduce the overall cost of operations.
This was the outcome of a meeting between the Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, and the Director-General/CEO of NNRA, Dr. Yau Idris; at the NUPRC headquarters recently.
While the NUPRC regulates the technical, commercial and operational aspects of oil and gas exploration and production, the NNRA oversees the possession, use, transportation and disposal of radioactive sources while also facilitating the beneficial use of radiation technologies across various sectors of the economy.
In her remarks, the Commission Chief Executive said there was indeed a need to tackle regulatory gaps and the multiplicity of rules and regulations in the oil and gas industry in order to improve the ease of doing business.
“The only way we can safeguard investments is to reduce our cost of operations and when you have multiplicity of laws, the likelihood is that you will have higher costs because each law normally will come with its own fee and charges,” the NUPRC boss said.
Eyesan nominated senior officials from the Commission that will work closely with the NNRA on the task ahead.
“We have identified critical areas on both sides and we believe that as we collaborate, we can close existing gaps,” she said.
Responding, the DG of the NNRA said given that the upstream petroleum sector is one of the largest users of radioactive sources and ionizing and radiation-emitting equipment in Nigeria – particularly for well logging, industrial radiography and nucleonic gauging – the NNRA relies on the cooperation of the NUPRC in order to fulfil its mandate.
“The goal is a single window approach, where both agencies share information rather than requiring operators to submit the same data twice,” he said.
Idris further stated that since oil and gas extraction often brings Naturally Occurring Radioactive Materials (NORM) to the surface, the NNRA seeks the assistance of the Commission to ensure that operators conduct radiological impact assessments as part of their broader Environmental Impact Assessments while NORM management protocols are incorporated into the NUPRC’s environmental guidelines for the upstream sector.
Both institutions are also expected to collaborate in training and knowledge sharing in the area of radiation protection and safe operations.
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