We Backed Dangote Refinery Establishment With $1bn Loan – NNPCL

Petrol Prices Dangote Price

The Nigerian National Petroleum Company Limited (NNPCL) has announced securing a $1bn crude-backed loan to facilitate the operations of the 650,000 barrels-per-day Dangote Petroleum Refinery and address liquidity challenges. Chief Corporate Communications Officer, Olufemi Soneye, revealed this during the Energy Relations Stakeholders Engagement in Abuja on Monday. EDITOR’S PICKS  PDP Declares Ethiope East Federal Seat … Read more

CNG Vehicle Explosion at NIPCO Filling Station Injures Three in Edo

A Compressed Natural Gas (CNG) powered vehicle exploded at a NIPCO filling station along the Benin-Auchi Expressway in Edo State on Wednesday, leaving three people severely injured. According to reports, one motorist sustained eye injuries, while two others were also badly affected. A woman suffered a severe abdominal injury, and another victim had their foot … Read more

Tinubu’s CNG Programme Will Change Public Transport – Presidential Aides

The Compressed Natural Gas (CNG) programme of President Bola Tinubu’s administration is designed to transform the country’s transportation system by giving citizens a cheaper alternative to Premium Motor Spirit (PMS). Mr Bayo Onanuga, Special Adviser to the President, Information and Strategy, and Mr O’tega Ogra, Senior Special Assistant to the President, Digital Communication and Engagement, … Read more

Nigerian Govt Begins Free CNG Vehicle Conversions to Ease Fuel Costs

The Federal Government has initiated the free conversion of petrol-powered commercial vehicles to run on Compressed Natural Gas (CNG) in Ibadan, Oyo State, and Zaria, Kaduna State. In Ibadan, around 100 commercial vehicles were converted to CNG at three locations: Mobil filling station on the Ibadan-Lagos expressway, Automation Auto Gas in Podo Industrial Village, and … Read more

FG Introduces Hybrid Buses To Address Transport Needs

Hybrid Buses

The federal government received a fleet of hybrid Jet Mover buses from Jet Motor Company to provide affordable transport solutions and alleviate the impact of fuel subsidy removal. EKO HOT BLOG reports that in a continued effort to provide affordable and comfortable transport solutions for Nigerians, the federal government received a fleet of hybrid Jet Mover … Read more

FG Directs Filling Stations To Sell Compressed Natural Gas At ₦200, ₦260

Marketers With CNG Pump Installations

NMDPRA mandates filling stations in Nigeria to sell Compressed Natural Gas (CNG) as an alternative fuel. CNG is praised for its clarity, lack of odor, and non-corrosive properties. Engr. Farouk Ahmed underscores the federal government’s push for CNG adoption. EKO HOT BLOG reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ordered filling … Read more

FG Considers Powering NRC Locomotives With Gas To Reduce Cost

Locomotives

EKO HOT BLOG reports that the Nigerian Federal Government has unveiled intentions to shift the locomotives of the Nigerian Railway Corporation (NRC) from diesel to both liquefied natural gas (LNG) and compressed natural gas (CNG). According to reports from this online media platform, the announcement was delivered by the Minister of Transportation, Said Alkali, emphasizing the … Read more

Senate Rejects CBN Loans, Warns Tinubu Against Illegal Spending On CNG Initiative

EKO HOT BLOG reports that President Bola Ahmed Tinubu has requested the Senate to confirm three additional ministerial nominees. The president made the request in a letter written to the Senate President, Godswill Akpabio, and read on the floor of the Senate during Tuesday’s plenary. In the letter read by Akpabio, President Tinubu asked the Senate to confirm Dr. Jamila Bio, Balarebe Abbas and Olawale Olawande as ministers of the Federal Republic of Nigeria. Click to watch our video of the week https://youtu.be/RHJzMaN-07I?si=Eg0HnMkxDg4PzZi5

EKO HOT BLOG reports that the Senate, on Tuesday, warned President Bola Tinubu against illegal spending and advised him to seek a supplementary budget for its Compressed Natural Gas initiative. The Senate through its Committee on Gas, led by Senator Jarigbe Jarigbe, urged the executive arm of government to expeditiously present a 2023 Supplementary Budget … Read more