Business
Dangote Refinery Reinstates Engineers in Positive Recall Move
Dangote Refinery recalls engineers previously redeployed after dispute with PENGASSAN, offering conditional reinstatement and warning on discipline
Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units following a dispute linked to the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
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The company confirmed in a statement on Thursday that the decision followed an internal review and multiple appeals from stakeholders and industry figures.
According to the refinery, the affected engineers had earlier been redeployed as part of disciplinary measures tied to operational disruptions within the facility.
Management described the latest decision as a conditional pardon, allowing the workers to return to their roles after earlier sanctions.
A memo signed by Group Vice President, Oil and Gas, Devakumar Edwin, stated that all affected personnel will be invited for meetings before being reassigned to resume duties at the refinery.
The recall also applies to employees who previously declined redeployment offers made by the company.
The refinery stressed that while it values fairness and second chances, workplace discipline and adherence to corporate standards remain strict requirements.
It warned that any repeat of misconduct would attract immediate sanctions, reinforcing its zero-tolerance stance on actions that could affect operations.
The company added that the decision reflects a balance between organisational discipline and a commitment to rebuilding internal stability.
Dangote Refinery expressed optimism that returning engineers will demonstrate renewed commitment as operations continue to expand.
The development follows months of industrial tension in 2025, when disputes over alleged dismissals triggered nationwide reactions from oil sector unions.
The matter later drew intervention from the Federal Government, leading to earlier redeployment arrangements for affected staff.
Some engineers had previously been assigned to projects in various states, including construction and agricultural facilities, after the initial dispute.
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The latest recall is seen as a step toward restoring stability within the refinery’s workforce structure.
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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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