N5.4 Trillion Fuel Subsidy Savings to Support Nationwide Development-Presidency

The Presidency says the estimated N5.4 trillion savings from subsidy removal in 2024 is directed towards infrastructure development and social intervention initiatives that will benefit all tiers of government and enhance Nigerians’ quality of life. The Special Adviser to the President on Information and Strategy, Mr.Bayo Onanuga made this known on Sunday, in a statement…

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FG Unveils ‘Convert and Pay Later’ Portal for CNG Vehicle Conversion

The Nigerian government has unveiled a ‘buy now and pay later’ portal to ease the adoption of Compressed Natural Gas as a viable alternative to Premium Motor Spirit (petrol). The new website would allow Nigerians to convert their petrol-powered vehicles to compressed natural gas (CNG) and opt for a pay-later option for the conversion costs….

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NNPC Quits As Middleman in Dangote Refinery Petrol Purchase

The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery, has reported. As contained in PREMIUM TIMES report on Monday, the development implies that NNPC will no longer be the sole off-taker, and marketers can now negotiate…

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Ekiti Gov Urges Indigenes to Embrace CNG Vehicle Conversion, Explains Benefits

The Ekiti State governor, Biodun oyebanji has urged motorists in the state to key into the Federal government compressed Natural Gas Initiative and enjoy low cost of fuel. The governor made the call on Tuesday during the opening of a week-long skill development and training for auto technicians in the state on conversion of petrol…

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