Fuel Import: FG Lauds private Sector over CNG Initiative

Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has praised the private sector for its role in advancing the country’s compressed natural gas (CNG) initiative, which aims to reduce the dependence on imported fuel and lower greenhouse gas emissions. Idris spoke at the commissioning of a CNG plant built by ABG Group, a Nigerian…

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Inject Fuel Subsidy Savings into Automobile Credit Scheme, Expert Tells Tinubu

To cushion the effect of Fuel subsidy removal on Nigerians, President Bola Ahmed Tinubu has been advised to make locally assembled/manufactured commercial vehicles affordable to Nigerians by activating the Automotive Credit Purchase Scheme, an essential provision of the National Automobile Industry Development Plan (NAIDP). Making the appeal in an exclusive interview with Motoring World International,…

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Analysis: Nigeria, Angola Responsible For Almost Half of OPEC+ Oil Supply Gap

Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known as OPEC+, pumped 1.45 million barrels per day (bpd) – equal…

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