CNG Attracts N1.5trn Investment in 18 Months – Report

CNG Attracts N1.5trn Investment in 18 Months – Report

CNG Attracts N1.5trn Investment in 18 Months – Report The Presidential Compressed Natural Gas Initiative (PCNGI) has stated that since the introduction of CNG in the country, it has attracted $980m (N1.504trn) investment in 18 months. Speaking during the launch of the Portland Gas Ltd / NASENI CNG Daughter station Auto Conversion And Training Centre in Abuja, the Chief Executive Officer of PCNGi, Engr. Michael Oluwagbemi said the sector has seen significant interest from BUA, Nigerian Bottling...
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AfDB Supports National Grid Stability with $1.2m Grant

AfDB Supports National Grid Stability with $1.2m Grant

AfDB Supports National Grid Stability with $1.2m Grant The African Development Bank on Wednesday said it has committed $1.2m in grants to support a feasibility study on Battery Energy Storage Systems in Nigeria. It said the project will assess grid integration, identify viable business and regulatory models to attract investment, and build the capacity needed for ownership and sustainability. The AfDB Director-General, Nigeria Country Department, Abdul Kamara, disclosed this while speaking at th...
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FG Secures $791.5m CNG Investments in Two Months – Report

FG Secures $791.5m CNG Investments in Two Months – Report

FG Secures $791.5m CNG Investments in Two Months – Report The Federal Government attracted over $791.49 million in investments between May and June 2025, as part of its ongoing efforts to deepen the adoption of Compressed Natural Gas (CNG) as an alternative transport fuel. It has also ramped up its push for compressed natural gas adoption in the transport sector, mobilising over $980m in investments and deploying more than 100,000 CNG kits within 12 months as part of the Presidential CNG Initi...
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