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 Cautious Optimism As Motoring Public Awaits CNG Vehicles Roll Out

 Cautious Optimism As Motoring Public Awaits CNG Vehicles Roll Out

 There was not much excitement when the Presidency on Sunday last week said it was ready to launch about 2,700 CNG-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. The Compressed Natural Gas CNG vehicle is a new vocabulary in the lexicon of Nigeria’s motoring public, a term suggesting escape from the strangulating impact of subsidy removal on petrol (PMS), particularly for petrol driven vehicles.  The euphoria of excitement that greeted the talk...
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Potent World Global Ltd Hosts European Partner- AG Centrum  Poland At West African Automotive Show In Lagos.

Potent World Global Ltd Hosts European Partner- AG Centrum  Poland At West African Automotive Show In Lagos.

Akaiso Akaiso, Lagos. The Federal Government of Nigeria and the Presidential CNG & LPG Initiative, which is aimed at moving Nigerians away from Petrol and Diesel as vehicular combustion fuel gas has received a major boost at the just concluded West Africa Automotive Show (WAAS 2024) which took place between 14th- 16th May, 2024 at the Landmark Centre, Lagos, Nigeria. An indigenous Oil & Gas Servicing Company POTENT WORLD GLOBAL LTD played host to their European Partner – AG Centrum (...
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Customs Gets CNG-powered Buffaloes, MDAs To Buy Only CNG Vehicles, Sale Of E-tags Begins, NPA Clears Mile 2-TinCan-Apapa Gridlock, News In The Past Week

Customs Gets CNG-powered Buffaloes, MDAs To Buy Only CNG Vehicles, Sale Of E-tags Begins, NPA Clears Mile 2-TinCan-Apapa Gridlock, News In The Past Week

Customs gets 200 CNG-powered Buffaloes, MDAs to buy only CNG vehicles, sale of E-tags begins, NPA clears decade-long gridlock at Mile 2-TinCan-Apapa corridor, news in the past week. Tinubu Orders All Ministries, Departments And Agencies To Purchase Only CNG-powered Vehicles President Bola Tinubu on Monday May 13th directed the mandatory procurement of Compressed Natural Gas (CNG)-powered vehicles by all Government Ministries, Departments and Agencies. The move is also in furtherance of Nigeria...
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Nigeria’s Interpol upskilled to combat digital asset crime

Nigeria’s Interpol upskilled to combat digital asset crime

Nigeria’s Interpol recently held a meeting with stakeholders in the blockchain and cybersecurity industries to discuss ways to combat ‘crypto’ crime. Interpol invited the African Stablecoin Consortium (ASC) and local blockchain analytics firm A&D Forensics to train its agents on digital asset crime. ASC comprises commercial banks and fintech developing cNGN, a naira-pegged stablecoin seeking to compete against the eNaira. The Africa Stablecoin Consortium and A&D Forensics were...
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Spiro, Africa’s Largest Electric Vehicle Maker, Agrees To US$50m Debt Facility With Afreximbank to Accelerate Expansion

Spiro, Africa’s Largest Electric Vehicle Maker, Agrees To US$50m Debt Facility With Afreximbank to Accelerate Expansion

Spiro, Africa’s largest Electric Vehicle Company, agrees to US$50 Million Debt Facility with Afreximbank to accelerate expansion. The EV company says the US$50 million debt facility will help expand its network of automated swap stations and introduce new electric bike models. Last August, Spiro announced a $63m debt funding round with Societe Generale, a deal designed to expand the company’s footprint in Benin and Togo. Spiro, Africa’s largest Electric Vehicle (EV) Company, has announced...
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CNG Pump Dispensers Increase by 233% in Nigeria

CNG Pump Dispensers Increase by 233% in Nigeria

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...
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Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa

Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa

Spiro, an India-based electric vehicle company, has signed a $50 million debt financing deal with Afreximbank to expand its offering in its existing markets. The company operates in six countries: Benin, Togo, Kenya, Nigeria, Uganda, and Ghana, and plans to expand to Cameroon, and Morocco this year.  The company has spent the past two years mapping African cities and identifying potential markets. It claims to be the largest operator of electric motorbikes in Africa and has mostly focused on tw...
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530 CNG buses ready for deployment in Lagos, Oyo, Kwara, FCT, others

530 CNG buses ready for deployment in Lagos, Oyo, Kwara, FCT, others

The board chairman of Seplat Energy, Udoma Udoma has announced that the newly inaugurated Seplat Energy ANOH Gas Processing Plant can generate electricity for 5 million Nigerians. Udoma stated this at the commissioning ceremony of the plant, held in Ohaji, Imo State, by President Bola Tinubu. Built by the ANOH Gas Processing Plant Company (AGPC), the plant is a joint venture equally owned by Seplat Energy and the Nigerian Gas Infrastructure Company (NGIC), a subsidiary of the Nigerian National P...
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FG Approves N12.5bn To Buy 200 CNG-powered Toyota Land Cruiser “Buffalo” For Nigeria Customs

FG Approves N12.5bn To Buy 200 CNG-powered Toyota Land Cruiser “Buffalo” For Nigeria Customs

FG approves N12.5bn billion to buy 200 CNG-powered Toyota Land Cruiser 70 “Buffaloes” for the Nigeria Customs Service. An additional sum of N522 million was also granted by FG to insure the Toyota Land Cruiser 70 Series pickup trucks. The Aproval was granted at the Federal Executive Council (FEC) meeting, chaired by the Nigerian President Bola Tinubu. The Federal Government has approved the sum of N12.5 billion for the purchase of Two Hundred (200) brand new Toyota Land Cruiser 70 Series ‘...
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From Petrol To Gas : NADDC Set To Commence Accreditation Of CNG Conversion Workshops To Ensure Safety

From Petrol To Gas : NADDC Set To Commence Accreditation Of CNG Conversion Workshops To Ensure Safety

National Automotive Design and Development Council set to commence accreditation of CNG conversion workshops. The move is to ensure safety and standard amid plans let Nigerians use CNG as an alternative and cheaper transportation fuel. NADDC aims to sensitise converters on the guidelines for the CNG powered vehicle conversion to ensure best practices. About one million CNG-powered vehicles expected to be produced by 2027 while over N3b investments would be realised in the sector. The National Au...
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