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Tag: CNG

Energy

FG’s CNG initiative attracts $2bn private sector investment

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles has announced that it has successfully attracted more than $2 billion in private-sector investments into the country’s CNG subsector, with a target of hitting $5 billion by 2027. Ismaeel Ahmed, the Executive Chairman/CEO of PiCNG, disclosed this information on Friday in Abuja during the unveiling […]

Oil and Gas

FG denies removing CNG subsidy amid price hike

The Federal government through the Presidential Initiative on Compressed Natural Gas has refuted a report of subsidy removal and an increased price of Compressed Natural Gas. This follows a recent news story that suggested the price increased from N230 to N450 per standard cubic metre. The PiCNG in a statement issued to Journalists on Thursday […]

Oil and Gas

PCNGI clarifies role in CNG price hike

The Presidential Compressed Natural Gas Initiative has clarified recent media reports regarding the price of Compressed Natural Gas in Nigeria. According to PCNGI, “the recent adjustment in CNG pump price was carried out by NIPCO Gas, a private sector operator in the Auto-CNG market.” NIPCO is one of several investors in the sector, and it […]

Oil and Gas

CNG price jumps to N450/SCM amid long queues

The cost of one standard cubic metre of Compressed Natural Gas has jumped from N230 to N450, amid long queues and insufficient refilling stations. The PUNCH reported that the government reviewed the price recently to N450, reducing its subsidies. However, while trucks pay N450/SCM, car drivers and commercial drivers still enjoy some subsidies, as they […]

News

FG sets April dates for CNG rollout

The Federal Government has announced key dates in April 2025 for the rollout of its Compressed Natural Gas Initiative, signaling major steps in the transition to cleaner energy across the country. According to a statement by Kenechukwu Chukwu, Technical Assistant on Stakeholder Management and Public Engagement for the Presidential CNG Initiative, the commissioning of CNG […]

News

FG to establish CNG conversion centers in 20 federal varsities

The Federal Government has announced plans to set up Compressed Natural Gas conversion centers and refueling stations in 20 federal universities as part of efforts to promote clean and affordable energy solutions. The initiative, led by the Midstream and Downstream Gas Infrastructure Fund in collaboration with Femadec Energy, aims to integrate sustainable energy sources into […]

News

ICYMI: Nigeria targets 500 CNG centres 2025, hits 170

The federal government, through the Presidential Compressed Natural Gas Initiative, has revealed that the number of vehicle conversion centres in Nigeria has surpassed 170, with a target of reaching 500 centres by 2025. The National Coordinator and Chief Executive of the PCNGI, Michael Oluwagbemi, also mentioned plans to increase the number to 200 by the […]

News

FG plans 800 airport taxi vehicles conversion to CNG

The Federal Government, through the Presidential Compressed Natural Gas Initiative, has reached an agreement with taxi operators at Nnamdi Azikiwe International Airport in Abuja. This partnership aims to convert 800 petrol-powered vehicles to Compressed Natural Gas, which is expected to reduce shuttle fares by 30%. The Programme Director and Chief Executive of P-CNGI, Mr. Michael […]

News

CNG tank explosion at NIPCO station in Edo injures many

A CNG tank explosion at a NIPCO CNG station in Aduwawa, Benin City, has left multiple individuals injured, although no fatalities have been reported. The incident has sparked safety concerns in the area. The viral footage on X (formerly Twitter) shows the aftermath, including a station wagon with its rear section completely destroyed and shrapnel […]

Chairman of Zip-Tech Energy, Dr. Adebowale Ologbenla, said compressed natural gas is too costly in Nigeria.
Oil and Gas

Zip-Tech Energy laments cost of CNG in Nigeria

Chairman of Zip-Tech Energy, Dr. Adebowale Ologbenla, said compressed natural gas is too costly in Nigeria. According to The PUNCH, he claimed that charging N250 for a kilogram of CNG was not reasonable and that the going cost should be N50/kg. Ologbenla claims that “the nation has been flaring the same natural gas for a […]

Energy

UN agency, CNG partner on greener energy

The Presidential Compressed Natural Gas Initiative is collaborating with the United Nations Sustainable Energy for All to provide greener and more sustainable energy in Nigeria. According to The Punch, this was revealed in a statement made on Friday in Lagos by the PCNGI’s chief executive and program director, Michael Oluwagbemi. The workshop, according to the program director, […]

Business

FG to unveil one million CNG cars by 2027

The Federal Government has announced plans to launch one million compressed natural gas-powered vehicles by 2027. The Special Assistant to the President on Special Duties and Domestic Affairs, Toyin Subaru, made the announcement during a stakeholders’ meeting on Sunday at the Bank of Industry headquarters in Abuja, according to The PUNCH. Subaru revealed that 11,500 […]

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