…can supply,” he said. On transportation, the vice president said the National Compressed Natural Gas Bus Initiative should be assessed by how much it reduces commuters’ expenses rather than the number of vehicles deployed. “The cost of reaching a livelihood should never consume the livelihood itself. The passenger’s ex…

…regions”. Shabwa contains major oil and gas fields and is home to the Balhaf liquefied natural gas terminal, the country’s largest energy facility and a key economic asset. A government military source in the province on Monday said the army feared the strikes could pave the way for a ground offensive “similar to what…

…February 28. The waterway, which carried roughly one-fifth of global oil and liquefied natural gas trade before the conflict, has experienced severe traffic disruptions, elevated insurance costs, and rising energy prices. Two senior Iranian officials told Reuters that the country adopted a revised operational strategy…

…Udeme Akpan, Energy Editor Despite more than 200 trillion cubic feet (Tcf) of proven natural gas reserves and nearly two decades of multiple policies aimed at making gas the foundation of Nigeria’s industrial economy, the country continues to export more gas than it sells to the domestic market. Data from the Nigerian…

…Online News Editor President Bola Ahmed Tinubu has said investments in compressed natural gas (CNG) transportation are helping to reduce transport fares and ease the financial burden on Nigerians amid rising petrol prices. Tinubu disclosed this in a post on his X platform on Sunday, citing accounts from commuters and c…

…Government removed import duty and Value Added Tax (VAT) on cooking gas, compressed natural gas (CNG) and electric vehicles, a move that is already reflecting in lower LPG prices announced by dealers.The Nigeria Customs Service (NCS) unveiled the tax incentives on Thursday, July 30, 2026, under the Presidential Gas for…

…households and direct credit support for small businesses. The rollout of compressed natural gas for transport operators would be accelerated, with operators expected to pass savings on to commuters.The minister said operators who exploit consumers could face sanctions, with proceeds from enforcement directed towards t…

…of CNG vehicles The government said it would accelerate the deployment of compressed natural gas vehicles across the country. It said federal and state governments would support the rollout, while transport operators would be encouraged to pass the savings from CNG use on to passengers. 7. Excess profit tax The Federal…

…transport fares on selected routes across Nigeria following the deployment of compressed natural gas (CNG) and electric vehicles, offering some relief to commuters facing high travel costs.The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) said the savings reflect investments in a…

…translated into improved overall jet fuel availability. The data also showed that natural gas supply averaged 4.963 billion cubic feet per day during the period, while the liquefied petroleum gas market recorded a shift towards imports in August as domestic deliveries declined. On natural gas, the NMDPRA figures showed…

…set for measurable reductions in transport costs through the deployment of Compressed Natural Gas-powered buses.Checks conducted across Enugu, Anambra, Delta, Imo, Sokoto, Kebbi, Jigawa, Gombe, Edo, Plateau, Ondo, Osun, Oyo and Ogun states showed fares had not changed, and in some areas had gone up. Transport unions in…

For more than three decades, the Olokola Liquefied Natural Gas project remained largely a promise on paper. Now, renewed discussions between the Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC) are placing the stalled project at the centre of a broader plan to transform the state’s coast…

…fuel costs. He disclosed that over 120,000 vehicles have been converted to Compressed Natural Gas CNG, with more than 400 conversion centres and 90 fuelling stations nationwide. “This shift is cutting fuel costs for motorists and commuters. CNG buses now carry millions of passengers at fares far below those of petrol b…

…LNG projects. GASTECH is the world’s largest exhibition and conference focused on natural gas, LNG, hydrogen and low-carbon solutions. Now in its 54th edition, the conference brings together about 50,000 participants from over 150 countries, ranging from energy experts, CEOs, policymakers, investors and technology lead…

…transportation costs. He also urged the government to speed up the rollout of Compressed Natural Gas, solar energy and other alternatives to reduce reliance on petrol.On food security, he pressed for more investment in irrigation, rural infrastructure and agricultural logistics to boost domestic food production and eas…

Nigeria secures over $2 billion investment to develop Compressed Natural Gas infrastructureMore than 120,000 vehicles converted to CNG, boosting transportation optionsGovernment targets 1,000 CNG stations to offer cheaper transport solutionsPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Opa…

…has attracted more than $2 billion in investments for the development of Compressed Natural Gas (CNG) infrastructure and related value chains as it intensifies efforts to reduce transportation costs and promote cleaner energy.Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the government was deter…

…also surged. The party also questioned the pace of the Federal Government’s Compressed Natural Gas initiative, which was introduced as part of efforts to reduce transportation costs following the removal of the subsidy. “Before asking Nigerians for four more years, Senator Yari and the APC must answer one question: aft…

…he received the newly elected national executive of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), led by its President, Comrade Salimon Akanni Oladiti, at the State House in Abuja.

…geopolitical uncertainties, with several sanctioned but delayed upstream and liquefied natural gas projects expected to progress towards first production. Industrial Info Resources’ Senior Vice-President of Research, Oil & Gas, Gordon Gorrie, said the investment expansion was not peculiar to Nigeria, noting that Africa…

…from October 1, 2026, as governments move to pass the savings from Compressed Natural Gas (CNG) and electric vehicles to commuters.President Bola Tinubu rolls out plans to lower transportation costs nationwide. >The announcement came after Tinubu met with governors elected on the platform of the All Progressives Congre…

…banking and the economy.President Bola Ahmed Tinubu has directed the Nigeria Liquefied Natural Gas Limited (NLNG) to increase the domestic use of gas, reduce gas flaring and ensure that the country’s vast gas reserves translate into more affordable energy for Nigerians.The President said Nigeria’s natural resources wou…

…to reduce transportation costs in their respective states through the use of Compressed Natural Gas (CNG) and electric vehicles. Tinubu disclosed this shortly after the meeting with the APC governors on Thursday night. According to him, the Federal Government and state governments had agreed to work together to ensure…

The newly elected President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Bosun Olabiyi-Agoro, has promised to tackle the practice of prolonged contract staffing and casualisation in the oil and gas industry, The post PENGASSAN new president promises to tackle contract staffi…

…25 per cent of the state budget was allocated to education. He added that 100 compressed natural gas buses had transported about four million residents free of charge, saving commuters an estimated N4bn. In Bauchi, Governor Bala Mohammed said the state had recorded higher revenues under the Tinubu administration and pa…