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  • dnotiondnotion
  • July 11, 2024
  • 3 minutes Read
NNPCL Is Becoming More Efficient And The Signs Are Positive

Recent criticisms of the Nigerian National Petroleum Company Limited (NNPCL) fail to account for the complexities and challenges the organization has faced over the years. Simplistic views often overlook the deeply rooted issues that preceded the Petroleum Industry Act (PIA) and the tenure of Mele Kyari. The NNPCL inherited a system plagued by underinvestment…

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  • dnotiondnotion
  • July 11, 2024
  • 2 minutes Read
India’s Bajaj Launches First CNG-powered Motorcycle

Bajaj, one of the biggest players in India’s motorcycle market, perhaps the largest motorcycle market in the world has launched a CNG-powered motorcycle considered to be the first in the world. Bajaj new invention is a new compressed natural gas (CNG) model, the Freedom. This bike looks set to ease one of the biggest…

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  • dnotiondnotion
  • July 10, 2024
  • 3 minutes Read
FULL LIST of CNG conversion centres in Nigeria

Compressed Natural Gas (CNG) is a fuel gas mainly composed of methane, compressed to less than 1% of the volume it occupies at standard atmospheric pressure. It is stored and distributed in hard containers, usually cylindrical, at a pressure of 20–25 megapascals. The Nigerian National Petroleum Company Ltd (NNPCL) announced that Compressed Natural Gas…

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  • dnotiondnotion
  • July 9, 2024
  • 3 minutes Read
Nigerian govt targets conversion of 1 million vehicles to CNG by 2027

The President Bola Ahmed Tinubu-led Federal Government says it is targeting the conversion of one million vehicles to Compressed Natural Gas (CNG) by 2027. The Strategic Business Education Adviser, Presidential Initiative on CNG programme Babajide Awolowo disclosed this on Tuesday at a stakeholders forum organized by the Kogi State Government in collaboration with Automotive…

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  • dnotiondnotion
  • July 9, 2024
  • 2 minutes Read
WTO chief warns against global trade breakdown

Global trade “is not having the best of times at the moment”. That was the admission of the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala. “We are seeing increasing protectionism, some undermining of the WTO rules, and some of this is leading to fragmentation,” she told the BBC yesterday. Global trade…

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  • dnotiondnotion
  • July 9, 2024
  • 2 minutes Read
Logistics challenges, flooding cause of fuel queues – NNPC

The NNPC Ltd has said that the fuel queues seen in the FCT, and some parts of the country are because of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother Vessels and Daughter Vessels resulting from recent thunderstorm. Fuel sale The adverse weather condition has also…

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  • dnotiondnotion
  • July 9, 2024
  • 3 minutes Read
New withholding tax regime excludes insurance premiums, lotteries, others – Report

The Federal Government has listed insurance premiums, winnings from lotteries and reality shows among transactions exempted from the new withholding tax regime. This is according to the Deduction at Source (withholding) Regulations 2024 signed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, seen by The PUNCH.  On reality shows…

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