Business
Bayelsa In Darkness As Ahoada Youth Protest
The forceful closure of a transmission station, located in Ahoada town by a group of young boys claiming to be Ahoada youth has led to complete loss of power supply to Yenagoa, the Bayelsa State capital.
The Tide gathered that the forced outage has not only affected the state capital but the adjoining communities in the state and some parts of Rivers State, namely Isiokpo, Emuoha, Elele, among others.
Sources said the stick wielding youth came out en masse early last Tuesday morning, chanting war songs, blocked and barricaded the Transmission Station with fetish items and in the process forced the operators on duty to switch off the entire station.
The electricity authority disclosed to The Tide that the unwarranted action of the youth led to the loss on 132kv lines supplying power to Yenagoa and ever since, all effort made by the management of Port Harcourt Electricity Distribution Company, (PHED), to get the matter resolved has been met with threatening statements from the young boys.
Speaking to The Tide, the Manager Communication of PHED, John Onyi said protest in the Niger Delta region over load allocation from the National Grid which leads to systematic load shedding by PHED is becoming too many.
Onyi noted that residents have always demanded for 24 hour power supply without corresponding payments and efforts made by the company to explain the electricity value chain appears not to be understood by them or they pretend not to understand it.
According to him: “Surprisingly, debt profile as at December 2017 in Ahoada stood at over N7.6 billion, yet the youth has not deemed it necessary to tell their people on why the debt should be settled”.
“Electricity has been misconstrued in some quarters to be free and not to be paid for, whereas it is not so””,he said .
The management of theDistribution Company, however called on the security agencies and indeed the government of Bayelsa State to wade into the matter to ensure stable power in the affected areas.
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.
