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The Digest:

The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) has announced the suspension of its nationwide strike. The decision, described as a gesture of respect for federal government mediation, brings a temporary halt to an industrial action that threatened to disrupt the oil industry, though the union issued a stern warning of an immediate resumption if agreements are breached.

Key Points:
  • PENGASSAN has suspended its nationwide strike that began on September 27.
  • The union acted out of respect for national institutions and federal government mediation.
  • PENGASSAN President Festus Osifo warned the action would resume "without notice" if Dangote Refinery breaches terms.
  • The strike was triggered by the dismissal of 800 workers who formed a union at Dangote Refinery.
  • The sacked workers were reportedly replaced with 200 Indian nationals.
  • A key agreement from government intervention is the reabsorption of the dismissed workers.
  • The union expressed dissatisfaction with parts of the government's published communique.
This suspension underscores the fragile nature of the truce, placing the onus on corporate compliance to prevent another immediate disruption to a critical national economic artery.

Sources: Business Day