Business
Congestion: Maritime Operator Advocates Additional Ports
A maritime operator and former Managing Director (MD) of APM Terminal, Michael Hausen has said that the major thing to be done to control ports congestion in Nigeria is to build more ports.
The former APM terminal boss who was speaking in an interview with the press on issues relating to maritime operations said that at present, the port can not be able to take or contain all the activities of the economy even in 10 years from now, and as such, that more port development is needed.
He said “we have been very open about our readiness to also get engaged in new port development which include making investments. When the president visited last June we declared that we will be very eager to take the lead, but that is long term”.
Further more, Hausen of APM terminal, the concessionaire and operator that the Apapa port container terminal was concessioned to, stated that his company has invested over $100 million US dollars, and is still investing at moment both in equipment and in construction works.
According to him “We are currently spending more money than we are earning in our operation, for that reason we borrow from Nigerian banks, so we have a long gestation period before getting returns on our investment and my worry is that before the returns, we need to continue to increase output in the port and if we don’t get this great result, it doesn’t make sense for us to continue investment in equipment and other civil works”.
On whether they have a formal forum of getting the government attention to some of the lapses that are causing problems in the port, the former APM MD said that the formal channel that his campaign go through is the NPA, and that some times, they also engage with the shipper’s council, stakeholders, as well as the ministry of transport, but that the formal channel is NPA.
Hansen also explained that it is about three years APM took over operations at the terminal, and that the port is still a public port owned by the Nigerian people, pointing out that what was concessioned is cargo operations at the terminal and that it is basically loading and discharging operations.
He posited that all other part of importing container, customs clearing, trucking the container out to the owner, and the general clearing processes are still as they were, adding that the terminal operation which involves moving the containers around in the port is what has been concessioned, and that it is an important point that need to be considered when talking about port congestion.
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.