Business
Fuel price increases as Nigerian govt, Dangote Refinery, PENGASSAN meeting ends in deadlock
Nigerians have to pay additional money to get premium motor spirit, popularly known as petrol, as the feud between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, remains unresolved.
This is as the closed-door meeting on Monday among the Federal Government, Dangote Refinery and PENGASSAN ended in a deadlock.
The President of PENGASSAN, Festus Osifo, confirmed this to Ekwutosblog in the earlier hours of Tuesday.
When Ekwutosblog asked for an update on the meeting chaired by the Federal government, Comrade Osifo similarly said, “deadlock”.
Earlier, Ekwutosblog correspondent, who went round the nation’s capital, Abuja, on Monday gathered that a hike in fuel price has been implemented.
Ranoil, Empire filling stations in Gwarimpa, and Ranoil on the Kubwa Expressway have all adjusted fuel pump prices to N910, N920, and N910 per litre, up from N890, N910, and N890 per litre.
This comes as PENGASSAN secretary, Lumumba Ighotemu, in an official directive to all members on Monday night, said its nationwide strike against Dangote Refinery for mass sack of Nigerian workers, which began on Monday, continues.
“All comrades are therefore directed to continue with the industrial action until further instruction. Only information coming through our official channels should be regarded as authentic.
“Any further clarification you need should be sought from higher organs of the Association,” PENGASSAN declared.
This paints a gory picture for the country’s oil sector and for Nigerians who are directly affected.
Dangote Refinery has not made any shift, rather ignoring the demand of the workers, which is to recall workers unjustly sacked for belonging to PENGASSAN.
Though Dangote Refinery has not stated explicitly the number of workers it sacked, the plant, however, has not denied the action.
Pained by the 650,000-barrel-per-day refinery’s recalcitrance, the Nigerian Union of Labour Congress on Monday joined PENGASSAN in the nationwide strike, like the Trade Union of Nigeria did on Sunday.
Meanwhile, details of intervention by the Federal government through the Ministry of Labour and other stakeholders have yet to be released as of the time of filing this report.
The Minister of Labour and Employment, Muhammad Dingyadi, during the meeting, said the feud between the parties needs to be resolved for the good of Nigerians, the union and the employers.
Efforts to speak with the spokesperson of the Ministry of Labour and Employment, Patience Onuobia on the meeting details did not yield results.
Fuel price hike
The president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi blamed the hike in fuel price in parts of Abuja and the country in general on the anxiety created by the Dangote Refinery and the PENGASSAN feud.
He urged for a swift and urgent solution from the Nigerian government to avert more woes on Nigerians.
“It is the anxiety created by the face-off between Dangote Refinery and PENGASSAN.
“This has resulted in panic buying among Nigerians, which has shot up the fuel prices.
“It will not last though. We wait for the Federal Government to intervene on the matter”, he told DAILY POST.
PENGASSAN grounds NNPCL, NUPRC, and NMDPRA in Abuja
Apart from shutting Dangote Refinery, PENGASSAN grounded activities in NigerianNational Petroleum Company Limited, Nigerian Upstream Petroleum Regulatory Commission, and Nigeria Midstream and Downstream Petroleum Regulatory Authority, Abuja offices, on Monday.
Dangote Refinery secures court judgement
Justice Emmanuel Danjuma Subilim of the National Industrial Court in Abuja issued an interim order in favour of Dangote Refinery to restrain PENGASSAN from striking.
However, PENGASSAN insisted on Monday that its strike continues, as the union is unaware of any court action.
Last weekend, Dangote Refinery condemned the directive of PENGASSAN and described it as bully and terror tactics.
But PENGASSAN has insisted that it is acting within its rights.
Business
Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress
Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.
Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.
He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.
During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.
While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.
Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.
Business
Dangote to Uzodimma: Just show me where to invest
By Emmanuel Iheaka, OWERRI
The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.
Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.
The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.
Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.
“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.
He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.
“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.
Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.
Business
Fabergé egg given as Easter gift to mother of Russia’s last emperor sells for record £22.9m
A diamond-encrusted Fabergé egg that Russia‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million.
Tsar Nicholas II gifted the Winter Egg to Dowager Empress Maria Feodorovna in 1913, five years before he was murdered along with his wife and children after the Russian Revolution.

Tsar Nicholas II

Dowager Empress Maria Feodorovna
The egg went under the hammer at Londonauction house Christie’s yesterday.
An unnamed buyer stumped up £22,895,000, smashing the previous global record of £8.9million that was set in 2007 when the famous Rothschild Egg was sold.
Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall.
Carl Fabergé, the master jeweller whose creations bedazzled Russia, created 50 Imperial Easter Eggs for the then-ruling Romanov family over a 31-year period, making them incredibly rare and valuable.
They were commissioned as Easter gifts in a tradition started by Tsar Alexander III in the 1880s.
Nicholas II, Alexander’s son, had an annual standing order for two Easter eggs to be made for his mother and his wife, until the fall of the Romanovs in the 1917 Russian Revolution.

A diamond-encrusted Fabergé egg that Russia ‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million
Today, only 43 of the Imperial Easter Eggs remain, with seven missing.
The ‘exquisite’ Winter Egg had a pre-sale estimate of more than £20million.
Christie’s Margo Oganesian said: ‘Today’s result sets a new world auction record for a work by Faberge, reaffirming the enduring significance of this masterpiece.’
She added the sale celebrated ‘the rarity and brilliance of what is widely regarded as one of Faberge’s finest creations, both technically and artistically’.
The imperial eggs have enjoyed renewed interest on the art market in recent decades, mainly among wealthy Russians keen to acquire a piece of their country’s history.
Beyond its opulence, it is the ‘technique and craftsmanship’ that makes the Winter Egg exceptional, according to Ms Oganesian.
‘The Winter Egg is truly one of the rarest items that you can find,’ she explained. ‘It’s really hard to comprehend how Faberge created it.’
The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes.

Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall. Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket

The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes

Tsar Nicholas and his wife, Empress Alexandra, with their five children. They were all murdered in 1918
Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket.
Like many other Romanov possessions, the egg bears witness to Russian history. It was transferred from Saint Petersburg to Moscow in 1920 after the revolution.
As with many other Imperial Eggs, it was sold by the Soviet government to generate foreign currency and was acquired by London jeweller Wartski between 1929 and 1933, according to Christie’s.
The Winter Egg was subsequently part of several British collections but was considered lost from 1975, the auction house said in an essay attached to the sale lot online.
‘For 20 years, experts and specialists lost sight of it until 1994, when it was rediscovered and brought to Christie’s for sale in Geneva,’ said Ms Oganesian.
Eight years later, in 2002, it was sold again for a record $9.6 million in New York.
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