Global perspective. Clear attribution. Updated throughout the day.
Live desk Concise briefs from trusted publishers · Always follow the source for the full report
Markets
GBP/USD 1.3384 FrankfurterEUR/USD 1.1483 FrankfurterUSD/NGN 1,328.85 FrankfurterUSD/JPY 157.38 FrankfurterGold $4,364.20/oz Gold APISilver $67.51/oz Gold API
Breaking
Court sets October ruling on El-Rufai’s no-case submission Punch NigeriaLagos and Ogun account for most industrial investment recorded in Nigeria Punch NigeriaNigeria approves 830,000 tonnes of petrol imports for 2026 festive period Punch NigeriaFederal Government plans influencer campaign for infrastructure projects Punch NigeriaFour people killed in separate attacks in Plateau State Punch NigeriaAppeal for restraint as Nigerian politicians begin campaign activities Punch NigeriaBusinesses seek cheaper bank loans after central bank rate cut Punch NigeriaAfenifere official says Tinubu reforms could support economic growth Punch NigeriaCNG transport pledge faces questions over stations and conversion costs Punch NigeriaPolitical power is temporary, essay argues through tenant metaphor Punch Nigeria
Scores
Birmingham Legion v Brooklyn FC 16:00 UTC American USL Championship · TheSportsDBIndependiente Santa Fe v Deportivo Cali 01:00 UTC Colombia Categoría Primera A · TheSportsDBADT v Cienciano 20:00 UTC Peruvian Primera Division · TheSportsDB
Business

CNG transport pledge faces questions over stations and conversion costs

Source: Punch Nigeria · 23 Sep 2026, 00:13 UTC
CNG transport pledge faces questions over stations and conversion costs
Image: Punch Nigeria · original report

President Bola Tinubu has promised cheaper transport fares from October 1 through the use of compressed natural gas. The plan faces practical questions, including the limited number of refuelling stations and the high cost of converting vehicles to CNG.

President Bola Tinubu has promised cheaper transport fares from October 1 as a result of the adoption of compressed natural gas, Punch Nigeria reports. The proposed reduction is linked to the use of CNG in transport. However, the supplied material identifies challenges that could affect whether the pledge is achieved.

One difficulty is the limited number of CNG refuelling stations. The availability of those stations is relevant to operators who would need regular access to the fuel after converting their vehicles. The report also points to the high cost of vehicle conversion.

That expense could present another obstacle to transport operators seeking to move from existing fuel systems to CNG. The source does not state how many stations are currently available, how much conversion costs or what level of fare reduction passengers might receive. It also does not provide details of any government support for operators or specify whether the October 1 target applies nationwide.

The available information therefore records the president’s promise and the two implementation concerns identified in the report, without establishing whether fares will fall by the proposed date.

About this report
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.
View the original source at Punch Nigeria →