General
NIPCO Cuts Auto CNG to N200/Standard Cubic Feet to Boost Usage
By Adedapo Adesanya
NIPCO has cut the cost of Auto Compressed Natural Gas (Auto CNG) to as low as N200 per standard cubic feet (scm) as part of efforts to promote the use of the fuel as an alternative to Premium Motor Spirit (PMS) also called petrol.
This happened as the company announced the completion of four CNG stations in the commercial city of Lagos.
The facilities would be opened for commercial operations by the end of April or May to become the first of its kind in the state.
The Managing Director of NIPCO Gas Limited, Mr Nagendra Verma said the firm has been involved in AutoCNG development and expansion since 2009.
Mr Verma, who assured sustainability of supply after commissioning said presently, for Cars, Taxis and Keke’s; AutoCNG is being sold at N200/scm against the petrol price of N610 per litre, in Lagos and N230/scm against the PMS price of N670 per litre in Abuja.
He further informed that similarly for heavy commercial vehicles, AutoCNG is being sold at N260/scm against the AGO price of N1,250 litre in Lagos and N290/scm against the AGO price of N1300 litre in Abuja.
“NIPCO Gas is sure that with the continuous focus and push by current government, AutoCNG will become the choice fuel for Nigeria which has the potential to reduce the pressure on importation as well as on Forex,” he added.
According to him, AutoCNG is a project for the masses and of National cause and importance.
“We are sure that once expanded across Nigeria, it will surely and relieve the masses and motorists from high fuel costs. We continuously seek blessings and support of the Government and media to make AutoCNG a reliever, cleaner and greener fuel for Nigeria,” he said.
Speaking on the the company’s strategy, Mr Verma said, initially the company started with Benin City and expanded the AutoCNG network to Ibafo in Ogun State and later on in Kogi State.
He stressed further that with the initiatives and clear mandate by the current government, the AutoCNG network also expanded to Abuja FCT, Ibadan in Oyo State and Oron in Akwa Ibom State.
NIPCO Gas presently operates 15 AutoCNG stations across Nigeria and CNG vehicles from Lagos can travel up to Abuja and Kaduna by taking CNG from in-between NIPCO Gas AutoCNG stations and soon motorists can travel across every nook and cranny of Nigeria.
Under current government directives, NIPCO Gas has partnered with the Nigerian National Petroleum Company (NNPC) Limited for the expansion of AutoCNG stations across various states of Nigeria.
“Partnering with NNPCL under directives from the Presidency brings along a huge sense of responsibility and commitment towards masses of Nigeria and Government.
“NIPCO Gas is honoured with this trust and belief by the Government and NNPCL and has assured that we will not leave any stone unturned to make this AutoCNG expansion plan a reality which will relieve thousands and millions of citizens from the pain they are going through presently,” Mr Verma added.
He also disclosed that under the current partnership, 35 AutoCNG are planned to be constructed in a phased manner.
He also revealed that locations for 19 CNG stations have been identified and the firm has received stage-wise approval from NMDPRA and other statutory authorities.
He said the four CNG stations in Lagos are scheduled to be completed by the latest May 2024, adding, “For making this AutoCNG expansion project a reality, we are getting due support and guidance from all including but not limited to PCNGI, NMDPRA, SON, NNPC, other Ministries and Departments and Media too who are also keen to see this as reality in near future.”
Mr Verma said gas distribution and AutoCNG projects are highly capital-intensive projects that require huge investment and the highest level of commitment and perseverance and expressed hope that with support from all and with a continuous push from the Presidency, the firm will surely make it happen.
He went further to state that NIPCO Gas in addition to AutoCNG is also expanding the gas transportation pipeline towards Ibadan and the gas distribution network in the Lekki Free Zone.
“All these projects require huge investment and high gestation period. Once the above projects are commissioned, it will help in a greater way in deepening the utilisation of indigenous gas which remains under-utilised and reduce dependency on importation of other fossil fuels thereby reducing the pressure on forex,” he added.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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