By Ayomide Otitoju The reconciliation meeting between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of Dangote Petroleum Refinery over an ongoing industrial dispute ended in a stalemate on Tuesday. The meeting, convened by the Federal Government, commenced at about 4 p.m. on Monday and dragged on for nine…
By Ayomide Otitoju The Trade Union Congress of Nigeria (TUC) has called on the management of the Dangote Petrochemical Refinery to issue a public apology and reinstate more than 800 Nigerian workers recently dismissed by the company. Speaking on Channels Television’s Sunrise Daily on Monday, TUC Secretary-General, Nuhu Toro, said the refinery violated the workers’…
By Ayomide Otitoju The African Petroleum Producers’ Organization (APPO) and the African Export-Import Bank (Afreximbank) have announced significant progress in the creation of the $5 billion Africa Energy Bank, an initiative designed to address the continent’s persistent energy financing shortfalls. Speaking at a workshop titled “Africa Energy Bank Take-Off – Bridging the Financing Gap for…
By Ayomide Otitoju Young innovators from Angola, Mozambique, Namibia, and Nigeria have unveiled groundbreaking STEM-driven solutions at the ExxonMobil Foundation STEM Africa Regional Finals, held in Cape Town. The competition, implemented by non-profit JA Africa, marked the conclusion of a year-long program featuring quizzes and innovation camps. The projects were presented during the ExxonMobil Foundation…
By Ayomide Otitoju The Africa Collaboration Group (ACG) will mark its 50th anniversary with a high-level Golden Jubilee celebration on October 15, 2025, in Washington, D.C., bringing together global leaders, partners, and stakeholders to honor five decades of contributions to sustainable development. Held under the theme “ACG at 50: United in Collaboration, Transforming Development for…
By Ayomide Otitoju The United Nations Development Programme (UNDP) has called for urgent action to address Africa’s long-standing energy challenges, urging governments and stakeholders to leverage high-integrity carbon markets as a pathway to finance sustainable development. Speaking ahead of the Carbon Markets Africa Summit (CMAS) scheduled for October 22–23 in Johannesburg, Maxwell Gomera, UNDP Resident…
By Ayomide Otitoju Zenith Bank Plc has ignited fresh momentum on the Nigerian Exchange (NGX) after its board of directors raised interim dividends by 25%, a move that contrasts with peers cutting back. Trading data from the NGX showed that the financial services giant’s market capitalization expanded by ₦240.26 billion following the release of its…
By Ayomide Otitoju United Bank for Africa (UBA) Plc has announced strong financial results for the half-year ended June 30, 2025, posting growth across major business segments despite a challenging macroeconomic environment. According to the audited financial statements released to the Nigerian Exchange Limited (NGX) on Thursday, the pan-African lender recorded a 17.28% rise in…
By Ayomide Otitoju The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has come under heavy criticism after threatening to cut gas supply to the Dangote Refinery, a move many Nigerians described as sabotage against citizens who rely on the facility for cheaper and more stable fuel. The dispute emerged following reports that…
