Ardova Targets 100 CNG Stations in Nigeria Within 2 Years

Ardova Plc is expanding its natural gas business by acquiring Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited. The acquisition aims to establish compressed natural gas (CNG) refuelling infrastructure at 100 locations across Nigeria within 24 months.

The expansion will combine Ardova's existing retail network with Powergas's gas sourcing, compression, and distribution infrastructure. This will enable the company to supply CNG to motorists, commercial fleets, and industrial consumers.

Ardova plans to integrate CNG refuelling infrastructure into its existing retail network and establish 100 CNG locations nationwide within the first 24 months following the transaction.