President of the Nigeria Labour Congress, Joe Ajaero, has lamented that many Nigerian governors have abandoned their states and are now living permanently in Abuja. Mr Ajaero stated this when he visited Lokoja, the Kogi State Capital, for the distribution of CNG buses to the chapter of NLC. According to him, the NLC leadership has visited five zones but regretted that the governors were always absent, having travelled to Abuja. According to him, the situation has worsened the economic situations...

News Investigators/ The Nigeria Labour Congress (NLC) in collaboration with its Central Working Committee (CWC) on Tuesday unveiled the North-Central Compressed Natural Gas (CNG) buses given to NLC by the Federal Government. The NLC President, Comr. Joe Ajero, who said this at the official inauguration of 10 CNG buses in Lokoja, expressed optimism that the CNG buses would ease transportation for workers in the state. Ajero emphasised that the collaboration between government and NLC was a signif...

Assam Chief Minister Himanta Biswa Sarma speaks during the ‘Roadshow on Advantage Assam 2.0 Summit 2025’, at Colaba in Mumbai. File. | Photo Credit: PTI Assam is seeking investments in green energy ahead of a major business summit on February 25 and 26. Chief Minister Himanta Biswa Sarma said has drawn the attention of potential investors to Assam’s green energy revolution with opportunities “emerging very fast and thick” in floating solar, bio-CNG (compressed natural gas), green hydro...

Busha, a Nigerian cryptocurrency exchange that secured a provisional licence from the country’s Securities and Exchange Commission (SEC) in August 2024, has listed the compliant NGN (cNGN) on its platform. This marks the introduction of Nigeria’s first private consortium-backed stablecoin, pegged 1:1 to the Naira.  On February 3, Busha announced the stablecoin listing. Users can buy cNGN and sell it back to the platform, as Busha controls its own liquidity. However, users cannot send it to...

Homepage > News > Finance > Nigeria’s first local stablecoin launches Nigeria’s first local stablecoin, cNGN, was officially launched on local exchanges just a month after the country’s central bank gave it the green light. cNGN, which touts itself as the first regulated stablecoin in Africa, is available for purchase on the two licensed digital asset exchanges in Nigeria: Quidax and Busha. Licensed individuals and corporations can also purchase the stablecoin directly from the issuer, acc...

One of the newly deployed NNPC Ltd Cascade for CNG distribution The Nigerian National Petroleum Company Limited (NNPC) has deployed five new Compressed Natural Gas (CNG) cascades at designated stations in Abuja, effective today. This move aims at enhancing the supply of CNG, providing users with improved access and a more efficient refueling experience. The NNPC reaffirmed its commitment to ensuring a smoother refueling experience by actively monitoring user feedback and making necessary adjustm...