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CNG: FG sets to rollout initial critical assets May 29

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All is now set for the delivery of the first set of critical assets for the deployment and launch of the Compressed Natural Gas (CNG) initiative ahead of the first anniversary of the Tinubu administration on May 29.

According to the presidency, which stated this on Sunday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, Nigeria will take “some baby steps” to join nations that already have large fleets of CNG vehicles by the end of May.

He said: after months of detailed planning and background work, the committee driving the initiative is set to deliver on President Tinubu’s vision and promise, the statement said.

Already, the Presidential Compressed Natural Gas Initiative (PCNGI) committee, led by Michael Oluwagbemi, has delivered some major foundational reforms to enable the new CNG and Electric Vehicles future the president promised.

The statement affirmed, “After the removal of the wasteful fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer, and more climate-friendly energy. The CNG Initiative was designed to deliver compressed natural gas, especially for mass transit.”

“The Federal Government, as part of the many intervention programs to reduce the burden of the increase in pump price on the masses, provided N100 billion (part of the N500 billion palliative budget) to purchase 5500 CNG vehicles (buses and tricycles), 100 Electric buses, and over 20,000 CNG conversion kits, alongside spurring the development of CNG refilling stations and electric charging stations,” it added.

The statement observed that with necessary tax and duty waivers approved by President Tinubu in December 2023, the PCNGI committee is partnering with the private sector to deliver on the initiative.

The presidency maintained that the Tinubu administration has opened a new industry, along with creating thousands of new jobs.

“In all, over 600 buses are targeted for production in the first phase, which will be accomplished this year,” it noted.

“As part of private sector collaboration, NIPCO and BOVAS are involved in offering refilling services for the CNG vehicles and also serving as conversion centers,” the statement added.

“The Tinubu administration is an enabler of the evolving CNG industry,” it concluded.

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Afriland Fire: United Capital Confirms Death of Six Staff, Death Toll Rises to 10

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Financial services firm, United Capital Plc, has confirmed the death of six of its employees in the tragic fire that engulfed Afriland Towers on Broad Street, Lagos Island, on Tuesday, September 16, 2025.

This announcement brings the official death toll to ten, following an earlier confirmation by the Federal Inland Revenue Service (FIRS) that four of its staff also died in the incident.

The fire, which broke out just before 1:00 p.m. on Tuesday, tore through the six-storey commercial building, housing several offices and businesses, leaving widespread devastation and loss in its wake.

In an official statement released on Thursday, United Capital expressed deep sorrow over the loss of its staff.

“It is with profound grief that the Management and Staff of United Capital Plc announce the passing of six of our dear colleagues, following the tragic fire at Afriland Towers,” the statement read.

“Our departed colleagues were an integral part of our company and family. Their painful loss leaves an immeasurable void.”

The company extended its heartfelt condolences to the families, friends, and loved ones of the deceased, assuring them of continued support during this difficult time. Plans are underway for a memorial service to honour the victims.

United Capital also expressed appreciation to emergency responders for their swift intervention during the incident.

“In this moment of untold grief, we stand together in solidarity, drawing strength from one another as we navigate this period. May the souls of the departed rest in peace.”

Authorities are continuing investigations to determine the cause of the fire.

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NNPC Trading Limited MD appointed as Nigeria’s OPEC representative

We congratulate Maryamu Idris, Managing Director of NNPC Trading Limited, on her appointment as the National Representative for Nigeria at the Organisation of the Petroleum Exporting Countries (OPEC).

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The Nigerian National Petroleum Corporation Trading Limited says that its Managing Director, Maryamu Idris , has been appointed as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries.

NNPCL announced the development on its X handle on Wednesday, and said Idris’s new role marks a pivotal step in representing Nigeria’s interests within the influential cartel of oil-producing nations.

“We congratulate Maryamu Idris, Managing Director of NNPC Trading Limited, on her appointment as the National Representative for Nigeria at the Organisation of the Petroleum Exporting Countries (OPEC),” the statement read.

The corporation hailed her achievements in many capacities in the oil sector.

Maryamu’s extensive experience in the energy sector includes leading Pricing and Valuation efforts within NNPC’s Crude Oil Marketing Division and serving as a Technical Advisor to Nigeria’s OPEC Delegation.

She also played a foundational role in Nigeria’s engagement with the Extractive Industries Transparency Initiative (EITI) and contributed to oil sector reforms through her work with the Bureau of Public Enterprises and the Oil and Gas Implementation Committee (OGIC).

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FIRS loses 4 senior staff in Lagos Afriland Towers Fire

The deceased staff were identified as Mrs. Ekelikhostse George, Assistant Director; Mr David Sunday-Jatto, Assistant Director; Mrs. Nkem Onyemelukwe, Senior Manager; and Mr. Peter Ifaranmaye, Manager.

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The Federal Inland Revenue Service, (FIRS) has confirmed the death of four of its senior staff members in the fire incident that gutted Afriland Towers on Broad Street, Lagos, on Tuesday.

The deceased staff were identified as Mrs. Ekelikhostse George, Assistant Director; Mr David Sunday-Jatto, Assistant Director; Mrs. Nkem Onyemelukwe, Senior Manager; and Mr. Peter Ifaranmaye, Manager.

In a statement confirming the incident, Mr Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, said that the victims were trapped while on duty at the two FIRS offices located on the sixth and seventh floors of the building when the inferno broke out.

“Our Security and Safety officials quickly mobilized and contacted the fire service as soon as they were alerted. On getting to the scene, thick dark smoke was already billowing out of the building.

“The Management and entire staff are in deep shock and sorrow over the development,” he said.

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