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Finance & Economy - Page 8

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Finance & Economy·Opinion·Top Stories

The Nigerian Economy At 65, By Muda Yusuf

Nigeria has experienced eight recessions since independence — in 1967, 1975, 1978, 1981–1983, 1993, 2016, and 2020 — largely triggered by oil price shocks, fiscal mismanagement, or global crises. Each downturn revealed the same structural fragilities: heavy reliance on oil revenues, weak

October 1, 2025

News·Oil & Gas

Court Injunction Disputed as PENGASSAN Holds Ground on Strike, Political Reactions Intensify

The standoff between Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) deepened on Monday as the union dismissed reports of a valid court injunction halting its nationwide strike. Reports earlier in the day suggested that

September 30, 2025

Finance & Economy·World News

US Government Shutdown Could Affect Markets Globally

Since 1950, there have been 21 such episodes, most lasting only a few days. The longest, in 2018–2019, stretched on for 35 days and cost the economy an estimated $3 billion in permanently lost output.

September 30, 2025

Africa·Business·News·Oil & Gas

TAY Oil Services, Polaris Commission Onshore Seismic Survey for AGOCO in Libya

Early summer 2025 marked the debut deployment of the TAY Oil-Polaris newly acquired semi-automated, containerized seismic system

September 30, 2025

Nigeria’s Oil & Gas Sector Records $8bn New Investments In Two Years – Tinubu

Business·News·Oil & Gas

Fuel Crisis Averted? FG Holds Emergency Meeting with PENGASSAN, Dangote Refinery

The Federal Government has convened an emergency closed-door meeting with the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and representatives of Dangote Refinery in Abuja. The meeting, led by Minister of Labour and Employment, Mohammad Maigari

September 29, 2025

Petroleum-and-Natural-Gas-Senior-Staff-Association-of-Nigeria-PENGASSAN-1200x933

Labour·News·Oil & Gas

Nationwide PENGASSAN Strike Grounds Nigeria’s Oil, Gas Regulators, Threatens Fuel Supply

Nigeria’s oil and gas industry was thrown into turmoil on Monday as members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) began a nationwide strike, crippling operations at key regulatory agencies and raising fears of imminent fuel shortages.

September 29, 2025

Business·Oil & Gas·Opinion

PENGASSAN versus Dangote Refinery: time for Nigerian government to act decisively

By asking members to proceed on industrial action and disconnect gas supply to Dangote Refinery, PENGASSAN has eventually revealed its ulterior motives as a destructive force in the oil industry. In a statement issued on Saturday by its General Secretary, Lumumba Okugbawa,

September 29, 2025

Business·News·Oil & Gas

Oil Unions’ Gas Supply Cut To Dangote Refinery an Economic Sabotage, PTD Asks Falana to Recuse Self as Counsel to NUPENG-PENGASSAN

The Petroleum Tanker Drivers (PTD) branch of NUPENG has asked Mr. Femi Falana, a senior advocate of Nigeria (SAN), to recuse himself as counsel to Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association

September 28, 2025

News·Oil & Gas

‘This Is Lawlessness’- Dangote Slams PENGASSAN Over Gas Cut-Off That Threatens Fuel Supply

The management of Dangote Petroleum Refinery has issued a strongly worded statement condemning the Petroleum and Natural Gas senior Staff Association of Nigeria (PENGASSAN) for directing its members to cut off gas and crude oil supplies to the $20 billion facility, warning

September 27, 2025

Labour·News·Oil & Gas

Dangote Risks Gas Supply Cut as Labour Dispute Boils Over

Nigeria’s most ambitious private oil project, the Dangote Petroleum Refinery, is reeling from a fast-deepening labour crisis after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) late Friday night ordered an immediate cut-off of gas and crude oil supplies

September 27, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Finance & Economy - Page 8

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The Nigerian Economy At 65, By Muda Yusuf

Court Injunction Disputed as PENGASSAN Holds Ground on Strike, Political Reactions Intensify

US Government Shutdown Could Affect Markets Globally

TAY Oil Services, Polaris Commission Onshore Seismic Survey for AGOCO in Libya

Fuel Crisis Averted? FG Holds Emergency Meeting with PENGASSAN, Dangote Refinery

Nationwide PENGASSAN Strike Grounds Nigeria’s Oil, Gas Regulators, Threatens Fuel Supply

PENGASSAN versus Dangote Refinery: time for Nigerian government to act decisively

Oil Unions’ Gas Supply Cut To Dangote Refinery an Economic Sabotage, PTD Asks Falana to Recuse Self as Counsel to NUPENG-PENGASSAN

‘This Is Lawlessness’- Dangote Slams PENGASSAN Over Gas Cut-Off That Threatens Fuel Supply

Dangote Risks Gas Supply Cut as Labour Dispute Boils Over

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SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Obasanjo’s Rare Villa Appearance, Cleric’s Call for Selfless Service Steal Spotlight at 2025 Christmas Carols

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Finance & Economy - Page 8

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