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Seplat workers suspend strike after fresh talks

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Workers at Seplat Energy have suspended the strike action they embarked upon on Friday amid concerns over pay increases.

PREMIUM TIMES reported that workers at the oil company’s onshore and offshore facilities began the industrial action after the firm failed to meet their demands.

On Saturday, the workers’ union, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), announced the suspension following written commitments by the company on pay-related issues, according to Reuters.

The strike had raised concerns about potential disruptions to oil and gas output at a time the Nigerian government is seeking to maximise production amid fluctuating global oil prices linked to the Middle East crisis.

In a letter dated 4 April to Seplat’s Chief Executive Officer, Roger Brown, PENGASSAN said it had directed its members to immediately suspend the industrial action after negotiations resumed with the Nigerian National Petroleum Company Limited (NNPC).

The union said discussions on the 2026 collective bargaining agreement would continue, with a target to resolve outstanding issues by 13 April.

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Details of the workers’ demands remain unclear.

“We can confirm that the union has suspended its notice of industrial action to allow negotiations to conclude on outstanding items within an agreed framework,” Seplat spokesperson, Ogechukwu Udeagha, was quoted as saying.

“Operations are recommencing at our various locations,” he added.

Seplat is targeting production of up to 155,000 barrels of oil equivalent per day (boepd) this year, up from an average of 131,506 boepd recorded in 2025, as it seeks to scale output while remaining a key gas supplier to Nigeria’s domestic power market.

The industrial action came despite the company’s strong operational performance in 2025. Seplat reported a 150.4 per cent increase in revenue to N4 trillion, driven by expanded output and its first full year of offshore operations.

Average daily production rose by 148 per cent to 131,506 boepd, accounting for roughly 7 to 9 per cent of Nigeria’s total liquids output.

ALSO READ: Seplat workers begin indefinite strike over welfare concerns

Onshore production also increased by 14 per cent, supported by upgrades to the Sapele Gas Plant, which raised processing capacity to 90 million standard cubic feet per day.

Despite the revenue growth, profit expansion was constrained by rising costs, including higher tax obligations.

The company’s projection to increase output to 155,000 boepd underscores the potential impact any prolonged disruption could have had on its operations.

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NCC Honours Top Staff Driving Nigeria’s Digital Transformation

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BY NKECHI NAECHE-ESEZOBOR—The Nigerian Communications Commission (NCC) has recognised and rewarded its top-performing staff in a move that underscores its commitment to excellence and innovation, spotlighting employees whose contributions are helping to accelerate Nigeria’s digital transformation and strengthen the country’s telecommunications landscape.

The event, which took place in Abuja, brought together major stakeholders from across the telecommunications sector and reiterated the Commission’s goal of building “a more connected and prosperous Nigeria” for digital users across the country.

Speaking at the ceremony, Chairman of the NCC Governing Board, Idris Olorunnimbe, described the occasion as a milestone for the organisation, emphasising the critical role of its workforce in achieving its strategic goals.

“This is a moment of pride as we celebrate the very core of our organisation—our outstanding staff.”

Olorunnimbe stressed that the Commission’s successes are anchored in the commitment of its personnel, whose creativity, resilience, and consistent dedication continue to propel its progress.
He further noted that institutions thrive when they invest in developing their people, adding that NCC employees reflect the highest levels of professionalism and service excellence.

The post NCC Honours Top Staff Driving Nigeria’s Digital Transformation appeared first on Business Today NG.

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Customer Testimonial Highlights Why Mutual Benefits Assurance Stands Out

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BY NKECHI NAECHE-ESEZOBOR—In a time when confidence in insurance is steadily growing, a satisfied customer of Mutual Benefits Assurance Plc is sharing his experience to encourage more Nigerians to embrace the value of protection and peace of mind.

Mr. Abdelhamid Abdelrahman of RAP Building Solutions Ltd recently applauded the company for its swift claims settlement and attentive customer service, describing his journey as clear evidence that insurance truly works when managed by a dependable provider.

Abdelrahman explained that his decision to insure his vehicles with the company was influenced by its strong reputation and visible presence within his business environment in Lagos. Easy access to one of its offices also gave him added confidence, allowing for seamless interaction and support whenever needed. Four years on, he remains a loyal customer.

He said: “I had my doubts at some point, thinking that because they are one of the oldest insurance companies, perhaps their service might not be as efficient. But when I had a vehicle claim in 2023, it was processed in no time.

He added that subsequent claims involving other vehicles in his fleet were handled just as efficiently, further strengthening his confidence in the company.

“Since then, I have felt that whenever I have a vehicle, I will always subscribe to their packages and services. Mutual Benefits may be one of the oldest, but they are still one of the most responsive insurance companies in Nigeria. Their response to customers’ questions and feedback is very fast. I have no regrets partnering with them,” he stated.

Abdelrahman also used the opportunity to encourage Nigerians who remain sceptical about insurance to reconsider their views.

“Many people believe insurance does not work in Nigeria, but it does. When the time comes to make a claim and it is handled smoothly, then you know insurance truly works,” he said.

Industry experts have repeatedly noted that prompt claims settlement remains one of the strongest indicators of trust and credibility in the insurance sector. According to analysts, customers are more likely to retain policies, renew coverage and recommend insurers when claims are paid quickly and transparently.

They explain that efficient claims management not only provides financial relief during difficult times but also helps improve public perception of insurance as a dependable financial safety net. In markets where scepticism exists, real customer experiences and timely claims payments often play a critical role in driving adoption.

Mutual Benefits Assurance Plc has consistently positioned prompt claims settlement as a core part of its customer promise, with billions of naira paid out monthly across life and general insurance categories.

As economic uncertainties continue to heighten the need for financial protection, stakeholders say insurers that deliver swift and seamless claims experiences are likely to enjoy stronger customer loyalty and wider market acceptance.

The post Customer Testimonial Highlights Why Mutual Benefits Assurance Stands Out appeared first on Business Today NG.

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