Business
Experts Call For New Seaports
The need for new efficient sea ports has become imperative following the increasing volume of cargo traffic in Nigerian ports, especially in the western ports.
Available records shows that Nigeria, as the largest importing and exporting country in the West African sub-region handles about 70 per cent of shipping business in the region. Over 75 per cent is handled in Lagos ports, leaving the remaining 25 per cent to other ports in the country.
Experts say that the establishment of new ports would enable the country decongest the ports and move economic maritime related activities that are heavily concentrated in the western zone to other riverine areas in the country like South-South and South-East geopolitical zones.
The Tide gathered that Nigeria’s annual cargo through put of imports and exports has grown to about 100 million metric tonnes, thus the need to build better ports facilities that would accommodate bigger vessels in line with the increased cargo traffic.
The new ports, which expert say should not be less than 35 meters draft should be capable of taking bigger ships that moves cargo more efficiently than smaller vessels, so that economies of scale would be achieved in the industry and further reduce the cost of doing business in the country.
Speaking to The Tide, a retired Shipping of Panalpina World Shipping Limited, Ferdinand Toby, said that the present ports in the country are aging such that their facilities need to be replaced with efficient ones, adding that the development of Greenland ports would deepen Nigeria’s position as the maritime hub in West and Central Africa.
“Our ports, were built when the country’s population was below what it is at present, hence the need to develop properly and strategically positioned seaports in line with the present population size and the needs of maritime trade.
Vessels turnaround time for ships berthing in Nigerian ports have remained dismal, so it is time to build more efficient ports to reduce it by 70 per cent”, he added.
The best way to achieving development of Greenfield ports, according to experts, is through efficient public private partnership.
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.
