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JUST IN: Malaysian Government Phase Out Usage Of CNG Vehicles Over Safety Reasons

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JUST IN: Malaysian Government Phase Out Usage Of CNG Vehicles Over Safety Reasons—-The Malaysian government has announced plans to phase out the use of compressed natural gas (CNG) for vehicles and end the sale of natural gas vehicles (NGV) in the country.

Loke Siew Fook, minister of transport, spoke at a press conference recently, according to Free Malaysia Today (FMT), a local media organisation.

In Malaysia, CNG is referred to as NGV.

Fook said CNG-powered vehicles can no longer be registered or be used in Malaysia from July 1, 2025.

He also said Petroliam Nasional Bhd (Petronas), a government-owned oil and gas company, will halt the sale of CNG at its stations in stages, starting on July 1, 2025.

The minister said with only about 44,383 NGVs currently in the country — accounting for 0.2 percent of vehicles in Malaysia, excluding motorcycles — the safety of road users and the public will be restored.

“The NGV tanks of these vehicles are now reaching the end of their service life and need to be replaced and NGV tanks typically have a safe usage period of 15 years,” Fook said.

He further said there are also some car owners who have modified their vehicles using liquefied petroleum gas (LPG) cylinders, which are very dangerous.

The minister said the vehicles had caused explosions during accidents.

‘WE ARE PROVIDING SUPPORT PACKAGES FOR THE TRANSITION’

Fook said an assistance package aimed at helping owners of CNG-powered vehicles during the coming transition period has been put in place.

“Taxi drivers using NGV vehicles are eligible for a one-off RM3,000 e-voucher through Petronas’s Setel mobile app,” he said.

“They must have been registered with the Land Public Transport Agency before October 1.

“For dual-fuel vehicle owners, they can get their NGV kits removed for free at workshops selected by the transport ministry. Their vehicles must be registered with the road transport department (JPJ) before October 1.

“Lastly, for owners of purely NGV-powered vehicles, they are eligible for a one-off payment based on the current value of their vehicles, which will be determined by an independent appraiser.

“For this package, the vehicles must also have been registered with JPJ before October 1.

“Upon taking up the offer, the vehicles will be sent to an authorised automotive treatment facility to be disposed of and deregistered by JPJ.”

Fook said it is necessary to prevent the misuse of the vehicles or for any illegal modification to be carried out on them as it would endanger the public.

He said payments under the support package will be made within three to seven working days “of receiving a vehicle’s certificate of destruction and deregistration slip”.

Malaysia introduced the use of compressed natural gas in the late 1990s for taxicabs and airport limousines.

In Nigeria, the federal government is pushing for the adoption of CNG as an alternative fuel for transportation.

The initiative, introduced by President Bola Tinubu as a measure to curb the impact of the removal of petrol subsidy on individuals, “attracted over $200 million in investments so far as the government plans to build 1,000 conversion centres” across the country.

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener—-Morocco stunned the five-time champions with an early breakthrough before Vinícius Júnior’s moment of brilliance earned Brazil a hard-fought 1-1 draw in Group C.

Brazil were forced to settle for a point in their opening match of the 2026 FIFA World Cup after a spirited Morocco side held the South American giants to a 1-1 draw in a captivating Group C encounter at MetLife Stadium.

The Atlas Lions struck first in the 21st minute when Ismael Saibari latched onto a perfectly weighted pass from Brahim Díaz before calmly lifting the ball over goalkeeper Alisson Becker to give Morocco a deserved lead. The African side’s intensity and organization troubled Brazil throughout the opening stages.

Brazil responded through their star man Vinícius Júnior, who produced a moment of individual brilliance in the 32nd minute. The Real Madrid winger drove into the box and unleashed a powerful finish beyond Yassine Bounou to restore parity and ignite the Brazilian supporters.

Despite enjoying more possession after the break, Brazil struggled to break down a disciplined Moroccan defence. Morocco, meanwhile, continued to threaten on the counterattack and arguably created the clearer opportunities in the closing stages.

The result leaves Group C finely poised, with both teams earning a valuable point in what was billed as one of the most anticipated fixtures of the opening round. While Brazil avoided an early setback thanks to Vinícius’ heroics, Morocco once again demonstrated why they remain one of the most dangerous sides on the international stage.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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