Business
NNPC Boss Tasks OML 58 Trainees On Current Trends
The General Manager, Sustainable Development and Public Affairs Division of the Nigeria National Petroleum Company (NNPC), Mr Vincent Nnadi, has called on teachers currently on training in Oil Mining Lease (OML) 58 to see their training as a means of upgrading their knowledge in current trends and techniques in their jobs.
He made the call recently while addressing over 500 teachers involved in the training from the primary and secondary schools at Akabuka in Ogba/Egbema/Ndoni Locla Government Area of Rivers State.
According to Mr Nnadi, who was represented by the company’s Capacity Development Manager, Mr Oriakhi Francis, the training, a collaborative effort between NNPC and TEPNG, is in the compay’s areas of operation.
He noted that the topic of this year’s workshop “Curriculum Analysis For Effective Implementation: Improvisation for Teaching Science and English Language,” was chosen to reflect on the need to improve the performance of students from OML 58 in external examinations.
Mr Francis explained that in addition to the company’s decision to embark on educational development in their host communities, it has commenced work on “re-branding and refocusing our education development policy with respect to our scholarship scheme.”
Meanwhile, the company has successfully conducted the first community scholarship examination in Akwa Ibom State, in OML 58 this year.
Emphasizing on the fact that the company’s activity was oil exploration and production, he noted that over the years employment into the company had been more in favour of liberal and social science.
This development, he explained, had made it increasingly difficult for the company to meet various community requests for employment.
It was the dearth of such recruitment of ready youths that gave rise to our intervention in the teaching and leasing of science,” said.
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.
