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Reps to mediate in PENGASSAN, Dangote refinery dispute

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The House of Representatives on Tuesday resolved to intervene in the recent face-off between members of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery, which had disrupted petroleum product distribution nationwide.

The resolution of the House followed the consideration and adoption of a motion of urgent public importance co-sponsored by Kano and Sokoto lawmakers, Alhassan Doguwa and Abdussamad Dasuki, respectively, at Tuesday’s plenary.

Titled: “Need to protect private investment from adversarial unionism,” the lawmakers drew the attention of their colleagues to the significance of the Dangote Refinery, describing it as the largest private petroleum refinery in Africa.

The face-off between PENGASSAN and the Dangote Refinery led to an industrial action which commenced on September 29, 2025, disrupting the operations at the $20bn refinery.

It also led to a disruption in Nigeria’s crude oil production, with a reported daily loss of approximately 200,000 barrels over three days.

The disruption worsened the petroleum supply situation across the country, resulting in scarcity and long queues at filling stations in several states, resulting in severe hardship for millions of Nigerians.

Speaking on the motion, Doguwa, who represents Doguwa/Tudun Wada Federal Constituency, Kano State, stressed the need to protect the Dangote Refinery given its strategic significance to the nation’s economy.

He said, “The House is aware that the Dangote Refinery is a strategic private investment of immense national importance, with the potential to guarantee energy security, reduce import dependency, generate employment, and conserve foreign exchange.

“We are aware that the Dangote Refinery operates within a Free Trade Zone, and therefore falls under the regulatory framework of the Nigeria Export Processing Zones Authority, particularly Section 18(5) of the Nigeria Export Processing Zones Act which clearly states that ‘Employment in the free zone shall be governed by rules and regulations made by the Authority and not subject to the provisions of any enactments relating to employment matters.’

“The House is concerned that actions by labour unions that disregard the legal protections conferred on Free Zones under the NEPZA Act not only constitute a breach of law but also create a hostile investment environment that may deter future local and foreign investors;

“We are worried that if private investments of strategic national importance are continually subjected to unlawful disruptions by adversarial unionism, Nigeria risks not only the failure of key economic assets but also the erosion of investor confidence necessary for national growth and development.”

In his contribution, the member representing Chibok/Damboa/Gwoza Federal Constituency, Ahmad Jaha, urged the House to tread carefully, adding that the call for a probe as prayed by the motion was ill-timed.

Following the adoption of the motion, the House urged its leadership to broker peace between the two parties in the interest of the nation.

It also urged the Federal Ministries of Labour and Employment, Industry, Trade and Investment, as well as Justice, to “Jointly develop and implement a national framework or set of policies to safeguard private investments of strategic national importance from adversarial and unlawful union actions.”

It further charged the Federal Ministry of Justice and NEPZA to ensure full enforcement and compliance with the provisions of Section 18(5) of the Nigeria Export Processing Zones Act in all relevant Free Zone operations.

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FCCPC sets January 5 deadline for digital lending compliance

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The Federal Competition and Consumer Protection Commission has set January 5, 2026, as the deadline for all digital lending platforms and intermediaries in Nigeria to fully comply with its new consumer lending regulations.

The move, announced in a statement on Thursday by the Commission’s Director of Corporate Affairs, Ondaje Ijagwu, marks a major step in the Federal Government’s effort to rein in unethical practices that have plagued the fast-growing digital lending industry.

The directive follows the introduction of the regulations, which took effect on July 21, 2025, under the Federal Competition and Consumer Protection Act 2018.

It seeks to promote fairness, transparency, and accountability across the country’s lending ecosystem.

To aid compliance, the Commission has also released accompanying Guidelines on the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025, issued under Sections 17 and 163 of the FCCPA 2018.

The statement read, “The Federal Competition and Consumer Protection Commission has set Monday, 5 January 2026, as the deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The Regulations came into effect on 21 July 2025 under the Federal Competition and Consumer Protection Act 2018. It aims to promote fairness, transparency, and accountability across Nigeria’s growing digital lending market.”

To support operators in meeting the required standards, the Commission has issued an additional instrument — the Guidelines on the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 — made under Sections 17 and 163 of the FCCPA.

The document provides practical direction for lenders and intermediaries, explains the documentation required, and introduces updated Forms 1 and 3 based on feedback received from stakeholders.

Applicants with pending submissions may provide any additional information required under the new guidelines without waiting for a formal request. The Commission will continue to process applications promptly and maintain a transparent review process.

Commenting, the Executive Vice Chairman of the FCCPC, Mr Tunji Bello, stressed the importance of meeting the compliance timeline.

He explained, “Full compliance is not only a legal requirement but an important step in protecting consumers and ensuring that the sector continues to grow fairly and responsibly. Operators have had ample time to adjust to the Regulations and the additional guidance now provided. We expect all obligations to be met before the deadline.”

Under the new rules, all lending platforms, service partners, and intermediaries must meet the stipulated compliance obligations by January 5, 2026. Enforcement actions will commence immediately after the deadline, with penalties including operational restrictions, suspension of non-compliant entities, and possible prosecution under the FCCPA.

Copies of the guidelines, required forms, and frequently asked questions are available on the FCCPC’s website and through its nationwide offices.

Nigeria’s digital lending space has witnessed explosive growth in recent years, driven by the country’s large unbanked population and the ease of accessing instant loans via mobile apps. However, this boom has also bred widespread consumer abuse, privacy violations, and unethical debt recovery practices.

Many unlicensed lenders, popularly known as “loan sharks”, have been accused of charging exorbitant interest rates and resorting to public shaming and harassment to recover debts.

Some have illegally accessed customers’ phone contacts, sending defamatory messages to friends and family members of debtors.

In response, the FCCPC began a sector-wide crackdown in 2022, working with the Central Bank of Nigeria, the National Information Technology Development Agency, and the Independent Corrupt Practices and Other Related Offences Commission to create a joint task force on digital lending. This led to the introduction of an interim registration framework, under which legitimate operators were required to submit documentation for approval.

Despite these interventions, several platforms continued operating without approval, prompting the Commission to introduce the more robust 2025 Regulations and accompanying Guidelines to permanently sanitise the market.

As of November 2025, a total of 438 digital lending companies have received full approval from the Federal Competition and Consumer Protection Commission, marking a significant increase in the number of licensed operators in Nigeria’s fast-expanding online lending industry.

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FG suspends planned 15% import duty on PMS, diesel

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has stated that the proposed implementation of the 15 per cent of valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.

According to a statement posted on its X handle on Thursday, the Director, Public Affairs Department, NMDPRA, George Ene-Ita, said, “It should also be noted that the implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.”

PUNCH Online had reported that President Bola Tinubu approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.

NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.

“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.

“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.

“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.

“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement read.

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High unemployment rate forces hundreds of Ghanaian youths to queue overnight for military recruitment

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Hundreds of young Ghanaians queued through the night for the Ghana Armed Forces’ 2025 recruitment screening amid a high unemployment rate in the country.

The viral video from the scene shows hundreds of people in long queues at Accra’s El Wak Stadium on Tuesday, November 11.

The large turnout highlights the deepening unemployment crisis in the country, driven by a 32 percent jobless rate among the youth.

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