October 3, 2024October 3, 2024 The Coalition of Northern Groups (CNG) has strongly criticized the current leadership in Nigeria, blaming it for the country’s ongoing crises. The group highlighted that the government’s inability to instill confidence in the population has left many Nigerians disillusioned, as shown by the subdued reactions during the recent independence celebrations. In an interview, CNG National Coordinator, Comrade Jamilu Aliyu Charanchi, expressed grave concerns over the w...

Synopsis Shares of Maruti Suzuki are likely to draw attention after a 2% increase in September sales, reaching 1,84,727 units. Domestic passenger vehicles sales dropped 4%. The company reports 10.63 lakh units sold in the first half of the fiscal year. CNG vehicle sales now account for over 34% of Maruti’s total sales. iStock Shares of Maruti Suzuki are expected to remain in focus on Thursday after India’s largest passenger car maker reported a nearly 2% jump in September total sales at...

In a move to boost Nigeria’s energy sector, President Bola Tinubu’s administration has announced new fiscal incentives, including Value Added Tax (VAT) exemptions on key energy products and infrastructure. These exemptions cover Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. Additionally, the government introduced a Notice of Tax Incentives for Deep Offshore Oil &...

The Federal Government has exempted a range of various energy products, including diesel, Liquefied Natural Gas (LNG), also known as cooking gas, Compressed Natural Gas (CNG), and electric vehicles, among others from value added tax (VAT). The announcement was made by Mohammed Manga, Director, Information and Public Relations in Federal Ministry of Finance via a statement on Wednesday. He said the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on unveiled two major f...

The government also announced the introduction of the Notice of Tax Incentives for Deep Offshore Oil & Gas Production that provides new tax reliefs for deep offshore projects. President Bola Tinubu’s administration has announced Value Added Tax (VAT) exemption on Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. The government also announced the introduction of the Noti...

. Affirms readiness to assist 36 States, FCT in acquiring CNG buses to reduce transportation cost The divestment of   ExxonMobil’s 100% stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc.  is set to receive ministerial approval in a matter of days, according to President Bola Tinubu. The President disclosed this during his Independence Day national broadcast on October 1, 2024, confirming that the transaction has been successfully concluded by the Nigerian Upstream Petro...

Being a mid-size SUV, there is no dearth of space inside the cabin of the Grand Vitara. Its CNG version has a claimed mileage of 26.6 km/kg. Maruti Suzuki Grand Vitara CNG The Urban Cruiser Hyryder is Toyota’s version of Maruti Suzuki’s Grand Vitara. Both have same CNG mileage of 26.6 km/kg. Toyota Urban Cruiser Hyryder CNG The Nexon is one of the largest-selling SUVs in India. Its CNG avatar has a claimed mileage of 24 km/kg. Tata Nexon CNG The Brezza is a direct rival of the Nexon....

ABUJA, Nigeria — In celebration of Nigeria’s 64th Independence Anniversary, the Federal Government has launched 64 Compressed Natural Gas (CNG) buses as part of a broader effort to provide affordable and environmentally friendly public transportation. The unveiling ceremony, held at the Presidential Villa in Abuja, was led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, alongside key government officials. According to a statement released on Monday,...