Business
PENGASSAN Urges FG To Privatise Refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to privatise the nation’s four ailing refineries using the 49/51 per cent government/private investor model adopted for the Nigerian Liquefied Natural Gas.
The President, PENGASSAN, Ndukaku Ohaeri, gave the advice in Lagos last Friday while fielding questions on the developments in the oil and gas industry and other national issues.
The NLNG, backed by the NLNG Act, is owned by four shareholders, namely, the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation (49 per cent); Shell (25.6 per cent); Total Gaz Electricite Holdings, France (15 per cent), and Eni (10.4 per cent).
Ohaeri maintained that the model was a huge success and if the Federal Government had intention of reviving the refineries, it needed to replicate that model in the industry.
He said: “The shareholders at the NLNG are private entities who are in business, Therefore, there is a high level of responsibility among the staff members.
“You will not see any of them neglecting their duties because they are acquainted with one big man somewhere.”
He also made reference to the Eleme Petrochemical Company Limited that was sold to a Chinese firm, Indorama in 2006, saying that the company, after the sale, had also become a successful private enterprise that had kept on expanding.
The PENGASSAN president also noted that while the government had been successful in tackling terrorism, kidnappers, cultists and robbers still posed a threat to the peace of the society.
According to him, these vices stem from the high unemployment rate in the country, adding that if people are gainfully employed, there will be no need to engage in crime.
He said PENGASSAN “is an association and a critical stakeholder that fought for the enthronement of the democracy that we have. We stand for the progress of the nation.”
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension