Tag: PCNGI

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 […]

Business

PCNGI attracts $500m, converts 50,000 vehicles to CNG nationwide

The Presidential Compressed Natural Gas Initiative has reported significant progress in its first year, attracting over $500 million in investments and facilitating the conversion of more than 50,000 vehicles to run on Compressed Natural Gas. In response to media reports alleging a slow rollout of CNG infrastructure, PCNGI Programme Director and CEO, Michael Oluwagbemi, described […]

featured

Nigeria to save $4.4bn by switching to compressed natural gas

The Federal Government of Nigeria has declared that by switching to compressed natural gas, the country will cut its yearly imports of Premium Motor Spirit, or gasoline, by nearly $4.4 billion. The announcement was made through the Presidential Compressed Natural Gas Initiative, which also stated that the government’s goal was to convert one million gasoline […]