Business

MAN President Calls For More CNG, LNG Vehicles on Nigerian Roads

Published

3 years ago

June 9, 2023

463 Views

President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye, says “It’s high time liquefied natural gas (LNG) and compressed natural gas (CNG) powered vehicles plied Nigerian roads because of their environmental friendliness and sustainability

Otunba Meshioye made the call when he unveiled new sets of natural gas-powered trucks, buses and cars manufactured locally by Innoson Vehicle Manufacturing, at the IVM factory in Nnewi, Anambra State.

The President of MAN said the new vehicles represent great advancement in the manufacturing industry and indeed the pride of Nigeria and Africa.

“It’s a great thing to see what we witness in other parts of the world in our own home.

I encourage the Nigerian government and individuals to patronize Innoson Vehicles as that’s a sure way of partnering with the greatness we saw here today.”

The founder of Innoson Vehicles, Chief Innocent Chukwuma, said the CNG vehicles are an idea whose time has come.

He said the newly launched vehicles were produced to enhance transportation at a reduced cost, recalling how BOI had been instrumental to the creation of his industries and boosting his entrepreneurial capacity.

He described the new cars as quality vehicles powered by CNG/LNG and produced as a sustainable alternative to diesel.

Related Topics:LNG MAN President Mehsionye

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Business

Meta set to charge WhatsApp Business messages from October 1

For example, a Nigerian fintech company sending 500,000 chargeable utility messages could incur about $5,050 in fees from Meta alone, excluding charges that may come from third-party providers or software platforms used to manage the messaging service.

Published

23 hours ago

August 28, 2026

OCHEFA

19 Views

Businesses using Meta’s WhatsApp Business Platform will begin paying for certain messages sent to customers from October 1, 2026, under a new pricing structure announced by the company.

The change applies to organisations that use the WhatsApp Business Platform, formerly known as the WhatsApp Business API, to manage customer communication on a large scale.

Regular WhatsApp users and small businesses using the standard WhatsApp Business app are not the main targets of the new charges.

Under the revised system, the amount businesses pay will depend on the type of message being sent.

Utility messages, including payment alerts, order confirmations and other service-related updates, will cost about $0.0101 per message, while marketing messages will attract a higher fee of approximately $0.062 each.

Although the individual charges appear relatively small, companies that send large volumes of messages could see their communication expenses rise significantly.

Business

Dangote Refinery Suspends Petrol Sales To Lagos Depots

Dangote Refinery is prioritising markets where imported products are either unavailable or less dominant, rather than adding more supply to Lagos, which receives substantial volumes of imported petrol.

Published

1 day ago

August 28, 2026

OCHEFA

18 Views

Dangote Petroleum Refinery has suspended coastal sales of Premium Motor Spirit (PMS) to depot owners and importers in Lagos.

People familiar with the refinery’s operations said that the move is deliberate, aimed at redirecting locally refined petrol to areas where imported supply is scarce.

The suspension is ongoing. A source said: “The suspension of coastal sales to Lagos is still ongoing. It is aimed at redirecting products to locations where imported products are unavailable. Lagos has quite some imported petrol.”

The strategy is intended to ensure locally refined petrol reaches areas where it is most needed.

The decision comes amid concerns at the refinery over the volume of imported petrol entering Nigeria.

According to data available to the refinery, imported PMS accounted for about 43 per cent of total petrol supplied into Nigeria in July

Business

Naira Exchange Rates Friday, August 28

Today, the Naira Black Market exchange rate for 1 Great British Pound (GBP) is 1900 Naira. This means that you can get 1900 Naira for every 1 Pound that you exchange.

How much is 100 pounds in naira today?
At the current black market rate of 1900 per pound, 100 British Pounds = 190,000 Naira.