• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, January 27, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
ADVERTISEMENT
Home Economy And Business

PENGASSAN Strike Cut Nigeria’s Oil Output by 283,000 Barrels Per Day – NNPCL

“Significant revenue losses are projected at current deferment levels, driven by missed liftings and gas sales. Cashflow pressures are immediate and compounding,” Ojulari stated.

by NewsOnline Nigeria
October 3, 2025
in Economy And Business, Top Stories
0
NNPCL

NNPCL

NNPCL has reveaed how PENGASSAN strike cut Nigeria’s oil output by 283,000 barrels per day.

NewsOnline Nigeria reports that the Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the recent nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) caused a sharp decline in Nigeria’s oil and gas production, with ripple effects on power supply.

According to NNPCL, the industrial action led to an immediate reduction of about 283,000 barrels of crude oil per day representing roughly 16% of national output alongside a drop of 1.7 billion standard cubic feet per day in gas production, which in turn knocked out over 1,200 megawatts of power generation.

ALSO: EFCC Witness Details How Darius Ishaku Directed Cash Withdrawals, Transfers in N27bn Fraud Trial

 

In a letter dated September 29, 2025, addressed to regulators, NNPCL’s Group Chief Executive Officer, Bayo Ojulari, warned that the disruptions had resulted in “significant production deferments” and projected heavy revenue losses from missed crude liftings and reduced gas sales.

“Significant revenue losses are projected at current deferment levels, driven by missed liftings and gas sales. Cashflow pressures are immediate and compounding,” Ojulari stated.

He added that while NNPCL had activated business continuity plans, deploying non-union staff to manage operations where possible, the impact extended beyond the Dangote Refinery and posed “systemic risks” to the wider economy, personnel safety, and national energy security.

“Within the first 24 hours of the strike, production deferments stood at approximately 283 kbopd of oil, 1.7 bscfd of gas, and over 1,200 MW of power generation impaction,” Ojulari explained.

NNPCL has continued engagement with operating partners and stakeholders to strengthen security and emergency response protocols, while warning that prolonged industrial action could escalate risks to Nigeria’s overall energy stability.

Previous Post

Trump Gives Hamas Sunday Deadline to Accept Gaza Peace Plan, Warns of “All Hell”

Next Post

BREAKING: CBN Moves to Take Full Control of Nigeria’s Fixed Income Market

Next Post
CBN

BREAKING: CBN Moves to Take Full Control of Nigeria’s Fixed Income Market

Trending Stories

No Content Available

Latest Stories

Festus Edovia

“Hunger and Poverty Are Weaponised to Silence Citizens in Nigeria’s Politics” By Festus Edovia

Festus Edovia

How Arrogance, Hunger and Power Have Turned Nigerian Leaders Against the People – Festus Edovia

Lagos Speaker Obasa

Lagos Speaker Obasa Endorses Tinubu Re-election Support Group Ahead of 2027 Polls

Wike

Court to Rule on Wike, FCTA Suit Seeking to Stop Abuja Workers’ Strike

Military Officers

DHQ to Arraign Indicted Military Officers Over Alleged Coup Plot Against Tinubu

Kano Governor Abba Yusuf

Kano Governor Abba Yusuf Rejoins APC After Dumping NNPP

US

US Records $1.45bn Trade Surplus With Nigeria in 2025 as Exports Surge, Imports Fall

Heirs Holdings

Heirs Holdings Appoints Obinna Ufudo, Sola Yomi-Ajayi as Non-Executive Directors

Opay, Moniepoint, PalmPay

CBN Approves National Operating Licences for Opay, Moniepoint, PalmPay

Kano Assembly Members

BREAKING: Kano Assembly Members Dump NNPP, Join APC (FULL LIST)

NewsOnline Nigeria

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria