Business
Nigeria To Assist S’Leone Establish Shippers’ Council
The Nigerian Shippers’
Council (NSC) has said it would collaborate with the Sierra Leone Maritime Administration to establish the Sierra Leonean Shippers’ Council.
The Executive Council of the NSC, Mr Hassan Bello, stated this while receiving a delegation of the Sierra Leone Maritime Administration at the Council’s Headquarters’ in Lagos.
Bello said that the collaboration would enable both countries to discuss on shipping issues with the hope of strengthening African shipping operations.
He said that NSC had been collaborating with the Nigerian Export Import Bank (NEXIM) to start with two ships and trade on export products within the West Central Africa sub-region.
The executive secretary said that the partnership with NEXIM was to create shipping link in the regional trade.
He said that Nigeria was an import-dependent nation, adding that there was need to look inwards on exportation to diversify the economy and regulate the cost of doing business.
Bello said that NSC was established in 1978, adding that there was need for Inter -African trade to enable African countries to deliberate on terms of trade.
“If you have a shippers’ council, it is important to have cargo owners in your country because it will assist the establishment of the council.
“We will be inviting you to our seminars to enable you to understand the operations of shippers’ councils.
“I have already invited the Chief Judge of Sierra Leone to attend Maritime Seminar for Judges slated to hold on May 31 and to also assist your legal department on how to attend to shipping-related issues,’’ Bello said.
He said that the Seminar for Judges had been assisting Nigerian lawyers to be familiar with admiralty laws, adding that it had been fast tracking maritime cases at the courts.
Bello said that the NSC, being the Port Economic Regulator, would be focusing on provision of modern infrastructure to facilitate trade at the ports.
He said that before now, truck drivers usually parked indiscriminately on major highways without regulating them, which brought about delays in delivering consignments to owners.
Bello said that the Truck Transit Parks being constructed by the NSC would enable trucks and tanker drivers to operate in a conducive atmosphere and improve their efficiency.
He said that both countries would be exchanging workforce for capacity building in order to be more equipped in shipping operations.
The Executive Director, Sierra Leone Maritime Administration, Alhaji Wurroh Jalloh, commended the NSC’s readiness to exchange ideas with the delegation in the area of shipping operations.
He said that there was shipping department in Sierra Leone, saying that with the support of the NSC, the country would be able to create more departments and understand modern trends in shipping.
Jalloh, however, sought more collaboration with the NSC for Sierra Leone to overcome its present challenges in shipping operations.
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.
