Business

Rising from its National Executive Council (NEC) meeting on Saturday, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has declared a nationwide strike. PENGASSAN in a statement directed all its members to stop offering services from 12:01 AM on Monday, September 29, 2025. It also directed its members in field locations to withdraw their services starting from…

The Dangote Petroleum Refinery has condemned the plan by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to halt crude supply to the refinery. The management of the refinery described the planned action as a “brazen, albeit shocking, display of lawlessness and criminality” by PENGASSAN. It said the union lacked the right to direct its branches to…

As part of the state’s ongoing investment drive in its various industrial clusters as well as to strengthen the state’s digital Innovation hub, Ogun State Governor, Prince Dapo Abiodun, has visited China alongside his economic team, seeking expansion of the state’s economy. A statement by Hon. Kayode Akinmade, Special Adviser to the Governor on Media & Strategy, stated that Abiodun…

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members across key oil and gas companies to stop supply of crude oil and gas to the Dangote Petroleum Refinery. The move comes just two days after the Dangote Refinery disengaged about 800 workers, describing the exercise as part of an ongoing reorganisation to protect the…

Rising from a court-ordered Extraordinary General Meeting (EGM) on  Friday, the shareholders and Boards of Directors of Providus Bank and Unity Bank have given their resounding approval to proceed with the business combination of the two financial institutions. The nod to go ahead by the boards and shareholders of the two institutions signifies a moment of national significance for Nigeria’s…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, says Nigeria’s collaboration with the Japan International Cooperation Agency (JICA) is propelling the nation’s technology innovation and startup ecosystem to new heights. Speaking at the closing ceremony of the Survey on the Digitisation of Supply Chains in Small-Scale Nigerian Farms, organised by AGROVESTO, a JICA-funded Agritech startup…

The Ogun State government announced on Friday that Value Jet Airline will commence flights for passengers on Tuesdays and Thursdays at the newly constructed Gateway International Airport, located along the Ilisan-Iperu Remo road, starting from October 7. This cheering news, according to a statement issued on Friday by the Special Adviser to Governor Dapo Abiodun on Information and Strategy, Kayode…

Dangote Petroleum Refinery and Petrochemicals has denied reports of mass layoffs at its 650,000 barrels-per-day facility, insisting that its recent workforce shake-up was a reorganisation exercise aimed at tackling sabotage and safeguarding operations. The company confirmed it had embarked on a restructuring of its operations following repeated acts of sabotage that raised major safety concerns within the refinery. In a…

Nigeria’s technology ecosystem is set for a major transformation with the debut of People, Product & Code (PPC), a trade fair-style event designed to directly connect tech talent, innovative startups and key industry players. The inaugural edition will hold on Saturday, December 13, 2025, in Lagos. PPC is crafted to address two of the most pressing challenges in Nigeria’s digital…

First HoldCo Plc on Thursday revealed that its Group Chairman, Mr Olufemi Otedola, a significant shareholder, has increased his stake in the company with the purchase of 39,313,379 units valued at N1.21 billion. The disclosure, filed on the Nigerian Exchange (NGX), revealed that the transaction was executed in Lagos on September 23, 2025, at a share price of N31 per…