As global oil prices remain volatile and Nigerian commuters grapple with soaring petrol costs, the Federal Government's push for Compressed Natural Gas (CNG) has emerged as a compelling alternative. President Bola Tinubu’s recent order for the immediate deployment of 100,000 CNG conversion kits further highlights the urgency to wean the country off expensive imported fuel. …
President Bola Tinubu has directed the immediate deployment of approximately 100,000 Compressed Natural Gas (CNG) conversion kits across Nigeria to cushion the impact of soaring fuel prices on commuters. The directive was disclosed by the Executive Chairman of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), Ismaeel Ahmed, on Tuesday after a meeting with Tinubu …
The Nigerian National Petroleum Company (NNPC) Limited has launched its Gas Master Plan (GMP) 2026, aimed at accelerating gas production and attracting billions of dollars in new investments across the oil and gas value chain. The gas master plan, tagged NGMP 2026, was formally unveiled on Friday, January 30, at the NNPC Towers in Abuja. …
Labour Party’s 2023 presidential candidate, Peter Obi, has criticised the Federal Government over the newly introduced 5 per cent tax on refined fossil fuel sales, including petrol and diesel. Obi, in a post on his official X handle, said the tax would worsen the hardship faced Nigerians instead of providing relief. He argued that the …
The federal government has dismissed claims that it increased the pump price of Compressed Natural Gas (CNG), clarifying that recent adjustments were made by private investors. In a statement on Thursday, the Brands and Corporate Communications Manager of the Presidential Compressed Natural Gas Initiative (PCNGI), Matilda Johnson, described reports attributing price hikes to government directives …
The recent hike in the price of Compressed Natural Gas (CNG) to N380 per standard cubic meter (SCM), from N230, raises concern about the Federal Government's plans to adopt CNG to cushion the impact on transport costs and economic hardship faced by Nigerians. This signifies a 65.22 per cent hike or N150 increase in the …
