Coalition of Northern Groups (CNG) The Coalition of Northern Groups (CNG) has voiced its appreciation of the Federal Government’s recent decision to sell crude oil in naira to domestic refineries, a departure from the previous practice of payment in US dollars. The CNG regards this move as a crucial step towards bolstering Nigeria’s currency and economy while enhancing self-sufficiency in oil production. On April 20, 2024, the CNG, through a statement by its national coordinator, Comrade Jam...

FEC Meeting Presided Over by President Bola Tinubu FEC Approves N1.9bn for 33 CNG Vehicles, $1.442m Worth Arms, Ammunition for NDLEA The Federal Executive Council (FEC) has approved $1.442 million for the procurement of arms, ammunition and equipment for the National Drug Law Enforcement Agency (NDLEA) to boost its anti-narcotics operations. The Attorney-General of the Federation and Minister of Justice, Dr Lateef Fagbemi, who disclosed this while briefing journalists at the State House, Abuja,...

Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite FG Signs $3.5b Agreement with Afrexim to Promote Textile, Others The Federal Government has announced a $3.5 billion agreement with the African Export–Import Bank (Afreximbank) to enhance the textile industry and promote the use of compressed natural gas (CNG) vehicles among other initiatives. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed in a statement on X recently. Uzoka-Anite said the deal was...

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CNG Buses Taiwo Shittu, the Chief Executive Officer of Lanre Shittu Motors Ltd, has stated that by June 2024, his company will be deploying a large number of the LSM branded CNG buses at the airports across the country and for other mass transportation needs. He said LSM mulled the idea of CNG vehicles and saw it as the future of the local automotive industry many years ago because of the abundance of excess natural gas in the economy as well as the economic benefits of using CNG buses by both t...

CNG Dispenser CNG Pump Dispensers Increase by 233% in Nigeria The deployment of dispensing pumps for Compressed Natural Gas, CNG, have risen by 233 per cent in six months since November last year. Coordinator and Chief Executive, Presidential Initiative on CNG, Pi-CNG, Mr. Michael Oluwagbemi, disclosed this while addressing journalists during a tour of the Mikano International CNG based vehicle assembly plant in Ogun State. Meanwhile, Mikano has indicated intention to deploy 18 CNG dispensing po...

Nigeria’s Gas reserves Investments worth $50m were attracted to the economy in the last five months through the Presidential Compressed Natural Gas Initiative. Programme Director/Chief Executive, PCNGI, Michael Oluwagbemi, disclosed this at the Southwest stakeholders’ forum held Wednesday in Lagos. According to Oluwagbemi, the CNG initiative was created to cushion the effects of fuel subsidy removal on Nigerians and open new investment windows for domestic and global investors in the gas...

NNPCL, NIPCO Partner to Expand CNG Network NIPCO Gas Limited has partnered with the Nigeria National Petroleum Company Limited to expand the AutoCNG infrastructure nationwide by providing an alternative fuel option for motorists. The Managing Director, NIPCO Gas, Nagendra Verma, announced this on Sunday while giving an update on the company’s efforts in growing use of gas as vehicular fuel across the nation and its pipelines expansion projects in Lagos. According to him, the company has been a...