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BREAKING: Tinubu Govt Announces New VAT Exemption On Electric Vehicles, CNG, Others; Tax Reliefs For Deep Offshore Projects
Electric Car, Electric Fleet October 2, 2024 Dotun Comments: 0

BREAKING: Tinubu Govt Announces New VAT Exemption On Electric Vehicles, CNG, Others; Tax Reliefs For Deep Offshore Projects

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...
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EU to vote on Chinese electric vehicle tariffs, Tesla vs China: 7 EV reads you missed
Commercial EV, Electric Car, Electric Fleet October 2, 2024 Blythe Lanz Comments: 0

EU to vote on Chinese electric vehicle tariffs, Tesla vs China: 7 EV reads you missed

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. October 4 is a date that cannot come soon enough for European Union bureaucrats, but one the Chinese government desperately wants to avert. The EU’s 27 member states are slated to hold a crucial vote on whether to sign punitive tariffs of up to 35.3 per cent on Chinese-made electric veh...
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ExxonMobil-Seplat divestment ‘ll receive ministerial approval soon, FG assures
Electric Car, Electric Fleet October 1, 2024 Editor Comments: 0

ExxonMobil-Seplat divestment ‘ll receive ministerial approval soon, FG assures

. 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...
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7 spacious CNG SUVs with high mileage
Electric Car, Electric Fleet October 1, 2024 Lloyd Haslett Comments: 0

7 spacious CNG SUVs with high mileage

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....
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Nigeria Marks 64th Anniversary with Launch of Compressed Natural Gas Buses
Electric Car, Electric Fleet September 30, 2024 Julius Okeke 124 Political Reporter Comments: 0

Nigeria Marks 64th Anniversary with Launch of Compressed Natural Gas Buses

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,...
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Top 10 African Countries Leading in Electric Vehicle Adoption
Commercial EV, Electric Car, Electric Fleet September 30, 2024 Ukpono Nsima Comments: 0

Top 10 African Countries Leading in Electric Vehicle Adoption

As the world moves away from gasoline-powered vehicles to electric vehicles (EVs), several African countries are actively setting up systems and policies to encourage the use of EVs. Although China, Europe, and the USA dominate the global EV market with around 95% of all EV sales in 2023, Africa is also making strides in this area. The electric vehicle market in Africa is expected to grow from an estimated $15.80 billion in 2024 to $25.40 billion by 2029, according to Mordor Intelligence. Despit...
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FG Hands Over 64 CGN Buses to Labour Unions, NANS
Electric Car, Electric Fleet September 30, 2024 Economic Confidential Comments: 0

FG Hands Over 64 CGN Buses to Labour Unions, NANS

CGN Buses The Federal Government on Sunday, handed over 64 Compressed Natural Gas (CNG) buses to representatives of the Trade Union Congress (TUC), the Nigerian Labour Congress (NLC), and the National Association of Nigerian Students (NANS). The handover of the buses took place on Sunday at the State House Conference Centre, Abuja, as part of activities marking Nigeria’s 64th independence anniversary. The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, led the governme...
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FG Donates 64 CNG Buses To Organised Labour, Students
Electric Car, Electric Fleet September 29, 2024 Comments: 0

FG Donates 64 CNG Buses To Organised Labour, Students

September 29, (THEWILL) – The Federal Government, on Sunday, handed over sixty-four 100-capacity and 15-seater Compressed Natural Gas (CNG) buses to representatives of the Trade Union Congress (TUC), the Nigerian Labour Congress (NLC), and the National Association of Nigerian Students (NANS). President Bola Tinubu had on July 18, during his meeting with the leadership of Organised Labour over the new minimum wage for Nigerian workers, pledged 36 CNG buses to the labour unions. The buses were p...
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Nigeria @ 64: FG to distribute 2,000 CNG tricycles to youth
Electric Car, Electric Fleet September 29, 2024 Joe Abuchi Comments: 0

Nigeria @ 64: FG to distribute 2,000 CNG tricycles to youth

September 29, 2024September 29, 2024 By Stella Odueme As part of the Federal Government’s commitment to empowering Nigerian Youths, thereby reducing unemployment, the Federal Government is set to distribute 2,000 CNG Tricycles to them before the end of this year. The Minister of State for Youth Development, Comrade Ayodele Olawande made this disclosure during a Press Conference he organised in his office in Abuja to mark the 64th independence anniversary of Nigeria. In the words of the Ministe...
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FG hands over 64 CNG buses to labour unions, NANS
Electric Car, Electric Fleet September 29, 2024 Agency Report Comments: 0

FG hands over 64 CNG buses to labour unions, NANS

The federal government has handed over 64 Compressed Natural Gas (CNG) buses to representatives of the Trade Union Congress (TUC), the Nigerian Labour Congress (NLC), and the National Association of Nigerian Students (NANS). When deployed for commuter service, the buses will significantly reduce transportation costs in the country, bringing hope for a more affordable and efficient public transport system. The handover of the buses took place on Sunday at the State House Conference Centre, Abuja,...
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