Business
NNPC Decries Pipelines Vandalism
The Nigerian National petroleum Corporation (NNPC), has decried the unending spate of pipeline- hacking and petroleum products theft in some parts of the country.
This is contained in a statement signed by the corporation’s Acting Group General Manager, Mr Fidel Pepple, and made available to newsmen in Lagos recently.
According to Pepple, pipeline vandals are currently posing a great danger to the efficient distribution and supply of petroleum products in some parts of the country.
He condenmed the recent pipeline break in the Ije-ododo community in Ojo Local Government Area of Lagos State .
“If left unchecked, the nefarious activities of pipeline vandals could cripple the smooth operation of the downstream sector of the industry,” Pepple said.
He said the corporation had been compelled to shut the line owing to Monday’s attack on the Ije-ododo point, shortly after extensive repair work on the ruptured Arepo point.
“We had over 774 break points since August 2012 from Atlas Cove to Ilorin depot. Between Atlas Cove and Mosimi depot, we recorded 181 break points, from Mosimi to Ibadan.
“We had 421 ruptured points from Mosimi to Ore, and we recorded 50 vandalised points. Also, between Ibadan and Ilorin, we had a tot of 122 break points,” the N acting Group General Mana said.
He said in spite 0 the challenge posed by the s t- down of the system 213 lin following the attack, the corporation remain optimistic however.
Pepple said this was because the NNPC would not want Nigerians to suffer undue hardship during the yuletide season .
“We have a fallback strategy, which we have already activated, to ensure an uninterrupted supply of products.
“Don’t forget that we had the worst time when the line was shut down completely in August after the Arepo incident.
“But we have restored the line and it started working and Nigerians felt the impact, only for the vandals to strike again.
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.
