Business
Maritime workers threaten strike, give FG seven-day ultimatum
Maritime Workers Union of Nigeria has issued a seven-day ultimatum to the Federal Government to compel the International Oil Companies (IOCs) to allow stevedoring companies and dockworkers into their operational areas as required by law.
A statement by President-General and Secretary-General of MWUN, Adeyanju Adewale and Felix Akingboye, respectively, vowed to shut down all ports operations if the demands were not met.
The union lamented the silence of the Nigerian Ports Authority, Nigerian National Petroleum Corporation on the non-compliance of the IOCs to extant stevedoring regulations and the Marine/Government Notice No. 106 on Stevedoring regulations, 2014 issued by the Nigerian Maritime Administration and Safety Agency.
The statement read in part, “We wish to point out that the extant stevedoring/ marine notice is the operational guideline to all dock labour employers and private operators of any work location including ports, jetties, onshore or offshore oil and gas or bonded terminals, inland container depots (ICDs), off-dock terminals, dry ports and platforms.
“The law stipulates that government-appointed and NIMASA registered stevedores and dockworkers shall be allowed access by the IOCs to the operational areas allocated to them by the NPA.
“We wish to further draw the public attention to the repressive practice of the IOCs by denying our members (dockworkers) access to their operational areas and consequently, denying the dockworkers the opportunity to earn wages. To worsen the matter, these IOCs have flooded the operational areas with aliens/foreigners at the expense of local workers and in breach of statutory regulations including the Local Content Act, NIMASA and NPA acts that prescribe indigenising of the workforce.
“It will be recalled that this matter became worrisome in 2018 which forced the Union to declare a three-day national strike before the intervention of Ministry of Transportation which summoned a stakeholders’ meeting including the IOCs and the Union. At the end, a communique was reached on how to address the matter.
“It is regrettable that up till now, the content of the communiqué has not been implemented. It is also very painful and sad that the Federal Government and its agencies especially the Ministry of Transportation and NPA, for the past four years have failed to compel the IOCs to not only comply with the statutory regulations, but to also comply with the communique reached at the stakeholders’ meeting of 2018.”
The union also said, “After several deceptions and unfulfilled promises, we decided to take our destiny in our hands. We believe that these IOCs have something to hide which they do not want Nigerians to be aware of, and this is especially bothersome in this era of increasing insecurity across the country.
“We need to ask why the IOCs are afraid to allow registered and approved Stevedores and Dockworkers access to their operational areas as prescribed by the law. The Federal Government and our members (Dockworkers) have lost huge sum of money both in revenue and wages.
“In view of the continued denial of our members (dockworkers) employment opportunities by the IOCs at designated oil and gas locations with its negative impact on the welfare of our members, in addition to their continued disrespect for our laws, we are constrained to issue a 7 -day ultimatum starting from today Friday 9th April 2021 to the Federal Government, the NNPC, NPA and NIMASA, to as a matter of national interest, immediately compel the IOCs to comply and obey the statutory regulations, and also implement the communique earlier reached.”
Business
More heads to roll in NNPCL, subsidiaries as Ojulari assumes office
More heads to roll in NNPCL, subsidiaries as Ojulari assumes office
There are indications that more heads will roll in the Nigerian National Petroleum Company Limited, NNPCL and its subsidiaries as Engineer Bayo Ojulari yesterday assumed office as the new Group Chief Executive Officer.
This was even as the management and staff of NNPC Ltd welcomed the appointment of a new GCEO Officer and Board of Directors for the company by President Bola Ahmed Tinubu.
However, checks Vanguard showed that the reorganisation would start from the corporate headquarters to the subsidiaries, including Upstream, Gas and Power, new Energy, Downstream and Non-Energy businesses.
The checks indicated that the reorganisation would be targeted at ensuring that round pegs are placed into round holes based on the commitment of the new leadership to achieve national goals and objectives in the oil and gas industry.
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It was confirmed that the businesses to be impacted include the NNPC E&P Limited (NEPL), NNPC Upstream Investment Management Services (NUIMS), NNPC Energy Services Limited (EnServ), NNPC Engineering and Technical Company (NETCO), NNPC New Energy Limited (NNEL), NNPC Gas Infrastructure Company (NGIC), NNPC Gas Marketing Limited (NGML), and NNPC Gas & Power Investment Services (NGPIS).
They also include NNPC Trading Limited (NTL) NNPC Retail Limited (NRL), NNPC Shipping Limited (NSL), NNPC RefChem Limited (NRCL), NNPC Downstream Investment Services (NDIS), Nigerian Pipelines and Storage Company Limited (NPSC), National Energy Reserve Management Company (NERMC), NNPC Non-Energy Investment Services (NNIS), NNPC Foundation Limited/Gte, NNPC Academy, NNPC Properties Limited (NPL), and Health Maintenance Organization (HMO) and Research Technology and Innovation (RTI).
More heads to roll in NNPCL, subsidiaries as Ojulari assumes office
Business
NNPCL hikes petrol pump price to N950/litre
NNPCL hikes petrol pump price to N950/litre
The Nigerian National Petroleum Company Limited (NNPCL) has raised petrol prices to N925 per litre in Lagos and N950 per litre in Abuja, effective April 2, 2025.
This represents an N65 increase from the previous price of N860 per litre in Lagos and an N70 increase from the previous price of N880 in the North.
Last week, MRS and other independent marketers increased the price of petrol, raising its pump price to ₦930 per litre in Lagos and ₦960 for residents living in the northern part of the country.
Industry experts stated that the new increase is a direct fallout of the recent suspension of sales of petroleum products in naira by the Dangote refinery.
The adjustment reflects changes in Nigeria’s deregulated fuel market, including competition, supply costs, and global oil price trends.
It also coincides with the appointment of new leadership at the national oil firm, NNPCL, by President Bola Tinubu on Wednesday. The board was also restructured.
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The NNPCL retail stations in Fadeyi, Ago Palace Way, and Ogba, as well as the NNPC station on College Road, have adjusted their prices to N925.
In Ikeja, outlets on Acme Road and the Lagos-Abeokuta Motorway have also raised their pump prices to the new rate.
However, due to logistical delays, not all NNPC stations in Lagos may have updated their prices simultaneously.
In the Federal Capital Territory, the national oil firm station located along the Kubwa motorway upped its price to N950 from N880 per litre. Other stations along Wuse effected the same increase.
This adjustment follows months of price competition. In March 2025, NNPC dropped their pricing to N860 per litre, matching Dangote Refinery’s lower rates.
However, due to rising global oil prices, exchange rate fluctuations, and changes in crude oil sourcing costs, NNPC has now revised prices upward.
Earlier in 2025, NNPC had supplied petrol at N925 per litre in December 2024 before various price adjustments.
The present rate in Lagos remains cheaper than in certain other places, including Abuja, where rates recently stood at ₦880 per litre.
NNPCL hikes petrol pump price to N950/litre
Auto
Toyota corporation taps on Winpart by CFAO to distribute CWorks batteries in Nigeria
Toyota corporation taps on Winpart by CFAO to distribute CWorks batteries in Nigeria
Leading distributor and importer of high-quality automotive spare parts and lubricants in Nigeria, Winpart by CFAO, has commenced the distribution of Cworks batteries in Nigeria.
Cworks is a premium automotive battery brand from Toyota Tsusho Corporation.
The battery introduction, the company says, marks a new era of reliability, durability, and high performance for Nigerian motorists and businesses.
The firm in a statement obtained by Newstrends says as an official distributor and importer of top-quality automotive spare parts, Winpart by CFAO has continued to bring globally trusted brands to Nigeria, ensuring that vehicle owners and businesses have access to world-class solutions.
Developed under the renowned Toyota Tsusho Corporation, Cworks batteries are engineered to deliver superior power, a longer lifespan, and consistent performance in all driving conditions.
Winpart by CFAO says CWorks is a product of “renowned Toyota Tsusho excellence, designed to meet global automotive standards; long-lasting performance, built for durability and resilience on Nigerian roads and weather conditions.”
The company disclosing that the batteries are now available through Winpart by CFAO outlets added that the product would facilitate “reliable power supply, ensuring smooth engine starts and sustained power for all vehicle types”.
General Manager of Winpart by CFAO, Mohamed TALEB, said, “We are excited to introduce Cworks batteries to Nigerian motorists. As a brand from Toyota Tsusho Corporation, Cworks battery reflects the same commitment to quality and performance that Toyota is known for worldwide.
“With Winpart by CFAO, Nigerians can now enjoy a battery that delivers reliability, longevity, and value.”
According to the firm, through Winpart by CFAO, Cworks batteries will be available across Nigeria via authorized dealers and service centres, ensuring easy access to high-quality battery solutions.
The company added that more information on CWORKS Batteries, can be obtained from its website- www.winpart.com.ng.
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