Quidax, the Nigerian crypto startup that received a provisional licence in August 2024, has listed cNGN, the country’s first regulated stablecoin pegged to the naira. The move, which comes a month after another provisionally-licenced crypto startup Busha listed the cNGN, underscores Nigeria’s evolving approach to crypto regulation, balancing oversight with the growing adoption of digital currencies. The March 12 listing will allow Quidax users to send and receive cNGN between wallets with th...

Coscharis Motors Plc., adds Joylong Compressed Natural Gas (CNG) buses to its vehicle brands portfolio. Highlights its benefits to include less maintenance requirements, an average cost savings of 30-50%, compared to sole reliance on petrol. Notes that Joylong CNG buses utilize bi-fuel systems, which enables it to use either Petrol or Gas simply by a push of a button on the dashboard. Adds that the long term plan is to commence the assemblage of Joylong CNG buses at its existing Coscharis Assemb...

Society to alleviate the high transportation costs faced by students and lecturers Published 18 hours ago on March 17, 2025 In alignment with President Bola Ahmed Tinubu’s commitment to affordable, clean, and sustainable energy, the Midstream and Downstream Gas Infrastructure Fund (MDGIF), in collaboration with Femadec Energy, is set to establish Compressed Natural Gas (CNG) conversion centres and refuelling stations across 20 federal tertiary institutions nationwide. The Honourable Minister o...

360 ECO Group pays a visit to PCNGI in Abuja to promote its CNG-powered buses for public transport operators. For the interstate travel from Lagos to Abuja, its CNG-powered 12.280 E5 model bus used just ₦125,000 worth of fuel.  In comparison, the company said a diesel-powered variant of the bus would have used about ₦625,000 worth of fuel for the trip.  The 360 ECO Group, a Lagos-based manufacture of ECO Green Buses, has paid a visit to the Presidential Compressed Natural Gas Initiative (P...

The Maharashtra government on Monday allocated Rs 36,000 crore for the Ladki Bahin scheme but did not announce a hike in the allowance, proposed to increase Motor Vehicle Tax by 1 per cent on CNG and LPG vehicles, as it presented a Rs 7,00,020 crore budget for the fiscal 2025-26. Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, tabled his 11th state budget in the legislative assembly and announced a new industrial policy, focussing on Rs 40 lakh crore investment and generation...

FRSC impounds 350 Vehicles for fake plates, FG launches End-of-Life Vehicle Recycling Regulation, LAMATA acquires 500 CNG buses, news in the past week. Fake, Unauthorised Number Plates : FRSC Seizes 350 Vehicles In One Month The Federal Road Safety Corps (FRSC) says it has impounded 350 vehicles since it commenced a special operation to clamp down on illegal use of number plates and fake vehicle registration numbers. The special operation, which began on Monday February 3rd 2025, targeted vehicl...