Standards Organisation of Nigeria (SON) has warned the public against the use of substandard and uncertified Compressed Natural Gas (CNG) cylinders.

The warning is coming in the wake of the unfortunate recent incident of CNG cylinder explosion at the NIPCO CNG Refueling Station in Benin City, Edo State.

In a statement, the organisation said it has put robust and effective regulatory measures in place to ensure that all CNG equipment and conversion kits conform to approved standards before being certified for public use.

“The conformity assessment schemes are designed to prevent the import, manufacturing, and use of substandard products,” it stated.

In addition, SON said it is collaborating with the Presidential Initiatives on CNG and other relevant government bodies to finalise the Nigerian Gas Vehicle Monitoring System (NGVMS) – a platform that will provide centralized monitoring and surveillance of CNG systems to ensure that only vehicles equipped with certified conversion kits can access gas at retail outlets.

“The NGVMS will also offer a database of approved CNG equipment and suppliers which will go a long way in preventing the substandard installations and further mitigating the associated risks.”

Access Bank PLC has been named the 2024 Best Digital Award Winner in the Commercial Banks Category at the Digital Jurist Awards, organized by Phillips Consulting (pcl.).

In addition to this top honour, the Bank also secured the Best Website Award, achieving an impressive score of 201 points for its engaging and user-friendly digital experience. Access Bank’s cumulative score of 380 points reflects its excellence across digital touchpoints, including its website, web portal, mobile app, and social media.

Commenting on the recognition, Amaechi Okobi, Chief Communications Officer of Access Holdings PLC, said, “We are honoured to receive the Best Digital and Best Website Awards at this year’s Digital Jurist Awards. At Access, our focus on digital innovation is driven by our commitment to deliver seamless, secure, and customer-centric solutions across all touchpoints.

This recognition validates our ongoing efforts to enhance our digital platforms, making financial services more accessible and efficient for our customers. We thank Phillips Consulting for recognising our efforts and will continue to raise the bar in digital excellence.”

Phillips Consulting has long served as a development partner to Nigerian financial institutions and other organisations with an online presence. Leveraging its proprietary Digital Jurist platform, the firm has conducted assessments of digital touchpoints in various sectors, from financial services and insurance to telecommunications and government agencies, over the past 17 years.

Originally established as Web Jurist®, the platform was reimagined as Digital Jurist to assess new and diversified digital channels in the evolving digital economy. Digital Jurist’s evaluation framework examines a range of factors, including user experience, accessibility, performance, functionality, security, customer service, support, marketing, and content engagement across digital platforms.

These awards reinforce Access Bank’s leadership in digital banking, adding to recent accolades including 2024 Best Digital Bank and Best Mobile Banking App by World Finance, Best Mobile Banking App and Best Digital Bank by The Digital Banker Awards, and Best Digital Banking Initiative at the Global Retail Banking Innovation Awards 2024.

Senator Heineken Lokpobiri , minister of State for Petroleum Resources (Oil), at the weekend said the federal government would deploy new technologies like drones and satellite surveillance to halt massive oil theft in the Niger Delta.

Lokpobiri also called for greater commitment from industry players to Nigeria’s ambitious plan to increase crude oil production by over one million barrels per day within the next 24 months, saying the federal government was ready to host the headquarters of the $5 billion Africa Energy Bank (AEB), following the country’s successful bid in July 2024.

Addressing a gathering of the Oil Producers Trade Section (OPTS), a group of oil firms operating in Nigeria, at the Cross Industry Group (CIG) meeting in Istanbul, Turkey, at the weekend, Lokpobiri also restated that oil field bid winners must explore or relinquish them.

Nneamaka Okafor, minister’s spokesperson, said in a statement that Lokpobiri’s remarks were part of a strategic plan to navigate the challenges and opportunities in Nigeria’s petroleum industry presented to the producers.

Underscoring the sector’s central role in Nigeria’s economy, which the minister said provides around 85 per cent of government revenue as well as serves as a vital source of foreign exchange, the minister said there was the need for the oil sector to remain resilient.

He acknowledged the persistent security challenges in the Niger Delta but reported ongoing efforts to protect Nigeria’s oil infrastructure through enhanced security measures.

Aside from engaging communities and encouraging partnerships to foster local ownership of critical assets, Lokpobiri stated that other efforts include increased military support, particularly from the Nigerian Navy and the Joint Task Force (JTF).

“The government has also implemented technology-driven solutions, including drone and satellite surveillance to enhance the security framework and detect potential threats to the industry,” the minister said.

The minister outlined Nigeria’s dual approach to energy transition to ensure the future of its petroleum industry by focusing on maximising crude oil production and adapting to a cleaner energy transition.

“In the short-term, our focus remains on increasing revenue from crude oil production,” Lokpobiri stated.

He stressed that the government recognised the urgency of cost reduction, highlighting the government’s measures aimed at streamlining operations, particularly upstream activities, to remain competitive in the global market.

The minister said: “The world is moving toward cleaner energy, and Nigeria must be part of that transition. The government has prioritised natural gas as a cleaner alternative while actively exploring renewable energy options to diversify Nigeria’s energy mix.”

He listed part of the bouquet of reforms and incentives to revitalise Nigeria’s oil and gas sector as the Value Added Tax (VAT) modification order 2024 and the tax incentives order for deep offshore oil and gas production.

Lokpobiri told the gathering that the Nigerian government was focused on reducing contracting costs and timelines and has therefore mandated that the procurement cycle be streamlined to six months.

In addition, he highlighted the government’s commitment to the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, which promotes local content.

The minister emphasised that the government’s recent initiative to launch bid rounds for 31 oil and gas blocks will be a cornerstone of Nigeria’s strategic development.

“Each block has been meticulously selected for its potential to boost reserves and stimulate economic growth. In line with international best practices, barriers to entry have been reduced through signature bonuses to attract a wider range of investors, with strict enforcement of Nigeria’s ‘drill or drop’ policy,” he added.

Lokpobiri called for greater commitment from industry players to support Nigeria’s ambitious plan to increase oil production by over 1 million barrels per day within the next 24 months.

“We cannot afford to hold valuable fields in perpetuity. It’s either you put them to work or relinquish them. The era of renewing licenses without development is over,” he reiterated.