Close Menu
    What's Hot

    Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

    May 12, 2026

    Nigerian T-Bills Yield Slides as Investors Boot Holdings

    May 11, 2026

    Moniepoint Trains Women to Build AI-Powered Products

    May 11, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, May 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home» MarketForces Africa Media » MarketForces News » NUPRC Chief Komolafe Seeks Dialogue in Dangote, PENGASSAN Dispute
    News

    NUPRC Chief Komolafe Seeks Dialogue in Dangote, PENGASSAN Dispute

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiSeptember 29, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    NUPRC Chief Komolafe Seeks Dialogue in Dangote, PENGASSAN Dispute
    Komolafe Gbenga, NUPRC Chief
    Share
    Facebook Twitter Pinterest Email Copy Link

    NUPRC Chief Komolafe Seeks Dialogue in Dangote, PENGASSAN Dispute

    Mr Gbenga Komolafe, Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has called for dialogue between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

    Komolafe made the call in a statement on Sunday, adding that the step was necessary to to resolve ongoing dispute. He also urged the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), and parties involved to find common ground to resolve their differences without disrupting energy supply nationwide.

    The unions have been locked in labour disputes with Dangote Refinery over its recent sacking of workers and alleged labour rights violations.

    “Regardless of the fact that the issues involved are purely midstream and downstream affairs, our take is that parties should refrain from what will cause disruption in energy supply in the country.

    “We believe that parties can actually sit down, discuss and reach an amicable solution for the good of the country,” he said.

    Komolafe also highlighted the significant reduction in the monetary value of oil losses, attributing the improvement to new strategies implemented by the NUPRC.

    On the successes recorded in combating crude oil losses, Komolafe said the express directive of President Bola Tinubu to eliminate oil losses and curb theft using both kinetic and non-kinetic approaches had yielded positive results.

    He emphasised the importance of protecting the integrity of Nigeria’s oil and gas sector, noting that negative narratives could deter potential investors.

    The NUPRC boss said that President Tinubu’s directives to security agencies and the commission had reduced crude oil losses by about 90 per cent between 2021 – when the commission was established – and 2025.

    For the non-kinetic method, he said that the commission had introduced two regulations designed to complement the efforts of the general security, namely – the upstream measurement regulation and the advanced cargo declaration regulation.

    He described the regulations as pioneering initiatives in Nigeria’s over 70 years of exploration and development.

    “For the first time, Nigeria now has regulations that track crude oil loaded from its terminals to the discharge point.

    “The commission has intuitively put these two regulations in place, and the regulations are designed in a way to be implemented in two phases.

    “We have implemented the first phase and that is what we are trying to speak to, as it relates to the Federal Executive Council approval in respect of the Engineering Metering Audit,” he said.

    Komolafe further said that it was long overdue to carry out an engineering integrity assessment of all the metering facilities that had been operating for decades.

    According to him, in the past, international oil companies were the ones informing Nigerians of the quantities of oil exported.

    “We want to change that trajectory. In fact, our objective is to ensure that we get that done on a real-time basis. This is where we are going to against the production report.

    “The first phase, which is the establishment of a statutory regulatory framework, has been achieved in accordance with the provisions of the Petroleum Industry Act (PIA).

    “The first phase is to look at carrying out the integrity of the metering devices. That exercise was conducted in almost 700 points in the upstream,” he said.

    On the Advanced Cargo Declaration regulation, the NUPRC boss said that the objective was to ensure that every molecule of crude loaded from Nigeria’s terminals was tracked digitally.

    “We want to track every barrel of crude loaded in a tanker.

    “If a tanker loads one million barrels of crude, and ends up discharging 1.2mb, the system will instantly flag that the tanker is discharging above the permitted volume,” he said. #NUPRC Chief Komolafe Seeks Dialogue in Dangote, PENGASSAN Dispute#

    FG Secures N250bn for Kaduna, Kano Light Rail Projects – Idris

    69 / 100 SEO Score
    Dangote Gbenga Komolafe NUPRC PENGASSAN
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website

    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

    Related Posts

    News

    Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

    May 12, 2026
    News

    Nigerian T-Bills Yield Slides as Investors Boot Holdings

    May 11, 2026
    News

    Moniepoint Trains Women to Build AI-Powered Products

    May 11, 2026
    News

    NGX Market Cap Tops N160trn as Banking, Industrial Stocks Rally

    May 11, 2026
    Insurance

    Heirs Insurance Launches Multi-Language GenAI Assistant

    May 11, 2026
    Uncategorized

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    May 11, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

    May 12, 2026

    Nigerian T-Bills Yield Slides as Investors Boot Holdings

    May 11, 2026

    Moniepoint Trains Women to Build AI-Powered Products

    May 11, 2026

    NGX Market Cap Tops N160trn as Banking, Industrial Stocks Rally

    May 11, 2026
    Latest Posts

    Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

    May 12, 2026

    Nigerian T-Bills Yield Slides as Investors Boot Holdings

    May 11, 2026

    Moniepoint Trains Women to Build AI-Powered Products

    May 11, 2026

    NGX Market Cap Tops N160trn as Banking, Industrial Stocks Rally

    May 11, 2026

    Heirs Insurance Launches Multi-Language GenAI Assistant

    May 11, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

    May 12, 2026

    Nigerian T-Bills Yield Slides as Investors Boot Holdings

    May 11, 2026

    Moniepoint Trains Women to Build AI-Powered Products

    May 11, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.