Business
NRC Denies Knowledge Of Track Attack
The Nigerian Railway Corporation (NRC) on Thursday said that it had yet to be briefed on a clash in the Iju area of Lagos on Wednesday evening in which some of its passengers were injured.
The Lagos District Public Relations Officer of the NRC, Mr Ademuyiwa Adekambi, told newsmen in Lagos that he was not aware of the clash which had not been reported to the corporation.
The Tide source aboard the train reports that some passengers on board the Lagos-Ogun Mass Transit Train (MTT) were injured when some area boys in the Iju area of Lagos attacked some passengers who were sitting atop the train.
The correspondent reports that the incident occurred at about 7 p.m. as the Ogun-bound MTT slowed down while approaching the Iju Station, to allow for the passage of a Lagos-Ilorin passenger train.
Trouble began when a woman, who was with the area boys, screamed that her money had been picked, a development that made the area boys to hurl stones at the train.
Armed with dangerous weapons including bottles, nail-studded sticks and stones, the area boys aimed at the passengers who were sitting on top of the train, who they believed had the suspected thief.
The Tide source reports that some of the area boys came close to the train and inflicted injuries on some passengers who were seated in the train.
The passengers on top of the train responded by also hurling weapons at the attackers, an action that caused pandemonium in the train.
The Tide source reports that in the process, the window glasses of some of the coaches were shattered, injuring some of the passengers.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
