Business
Minister Urges Speedy PIB Passage
The Minister of Niger
Delta Affairs, Pastor Usani Uguru Usani, has urged the National Assembly (NASS) to speed up the passage of the Petroleum Industry Bill (PIB).
The call was contained in a statement issued in Abuja on Friday by the Director of Information in the ministry, Mr Salisu Na’inna.
Na’inna said that the minister made the call during a meeting with executives of the Host Communities of Nigeria Producing Oil and Gas (HOSTCOM).
He added that the early passage of the Bill would address the plights of oil and gas producing communities in the country.
He noted : “I am concerned about the PIB because its passage has dragged for too long.”
He reiterated Federal Government’s commitment to address the plight of the people of the region, stressing that no stone would be left unturned toward ameliorating their sufferings.
On gas flaring, he said “those who suffer the effects of gas flaring are not only within the Niger Delta region even though the people of the region feel the impact most.”
He said that the Federal Government was consulting on the clean-up of the area with relevant authorities.
He urged the communities to support government in checking oil theft and vandalism of oil and gas installations, which he said should be done with probity and sincerity.
The National Chairman of HOSTCOM, Chief Alfred Bubor, decried the slow pace of development in the region.
He added that successive governments had failed to significantly change the lives of the people or the quality of their environment.
Bubor said that the oil and gas producing communities had never felt the impact of the several interventions initiated by government.
The Permanent Secretary in the Ministry of Niger Delta Affairs, Wakama Belema, then assured the oil and gas producing communities of the present administration’s commitment to their welfare.
She said that the ministry was making efforts to ensure that the communities felt the presence of government in their lives.
She listed some of the various projects and programmes of the ministry in the region to include the construction of skill acquisition centres, housing schemes, electrification of communities, road and water supply projects.
All these projects were being implemented to ameliorate the sufferings of the people of the Niger Delta, she added.
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.
