Igbo socio-cultural and political organization, Ohanaeze Ndigbo, has submitted that there is nothing wrong with the calls for President Bola Tinubu to release the embattled leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. The Ohanaeze group maintained that if former President Muhammadu Buhari, could pardon thousands of Boko Haram fighters during his time in power through a government rehabilitation programme, then President Tinubu can also release Kanu. It submitted in a statement...

Last year there was controversy when the Africa Stablecoin Consortium (ASC) confirmed plans to launch a Nigerian stablecoin in association with banks. It turned out that it jumped the gun. Now an ASC affiliate has finally launched a public pilot for the cNGN stablecoin, regulated by the Securities and Exchange Commission(SEC) as part of its Regulatory Incubation Program. However, there’s no mention of bank involvement, just a few fintechs. Users can buy the stablecoin direct or via exchanges...

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...