Business
TUC Backs National Conference
The national leadership of
the Trade Union Congress of Nigeria (TUC) has backed the National conference being proposed by the Federal Government.
The Union described thee national dialogue as a step in the right direction for Nigerians to sit and discuss their future and issues of common interest.
The TUC National President Comrade Bobbai Kaigama stated this in a statement titled “National Confab: should move Nigeria forward” and obtained by The Tide from the Union’s branch office in Port Harcourt.
Comrade Kaigama said “while the congress commends the caliber of most of the people that have so far been chosen to be members of the conference Advisory Committee, the union also feels that it is important that organized labour involved.
The labour leader said TUC was not averse to the proposed National Conference or dialogue in view of the Myriad of challenges the country was presently facing.
The statement further stated that “the essence of any government is to meet the aspirations of the people and, since as is evident, majority of Nigerians are clamouring for the conference to hold, so be it. However, we insist that it be convened and conducted in the spirit of oneness of the nation and with intent of moving the nation forward. And the outcome of the conference must represent the best wishes of the average Nigerian”.
The TUC President outlined issues the union considered should form the fulcrum of the conference to include the basis of the nation’s unity and existence, the system of geo-political and fiscal Federalism, citizenship, the electoral and representative system, the cost of governance, security, corruption, boundary adjustment and foreign policy, freedom of faith, and fundamental human rights.
He said, “similarly the congress charge the delegates to conscientiously consider and take unequivocal resolution on our economy and the poverty index, our roads and other means of transport, as well as electric power, education and health sector etc.
Comrade Kaigama added that Nigerians expect the delegates to be mindful to display requisite broadmindedness and statesmanship in their dealing at the conference.
He said in the spirit of give and take delegates must observe the appropriate delicate balance between eloquent expression of the opinion of their constitutents and appreciating the view-point of other ethnic groups.
The TUC boss said it is the hope of the union that the unity of the country would be held sacrosanct throughout and at the end of the conference, stressing that tolerance and understanding should be the watch words of the would be delegates to the conference.
“We advise all such persons not to denigrate or degress from the key issues as Nigerians, they must work together to achieve the common goal of the nation cohesion and collective development.
The Union Leader said the union call on the Federal Government to demonstrate utmost good faith towards the conference and its success, stressing that the needed funds, logistic and other prerequisite be made available for the conference.
Comrade Kaigama said “The congress acknowledges that certain persons have expressed fear that the conference was a ploy for the balkanization of the country. Others have suggested that it has negative political and/or religious undertones.
The Union sincerely hope these fear are unfounded and do implore the government to prove them untrue as the TUC appeal to Nigerians to give the government the benefit of doubt.
“We earnestly advise the government and all Nigerians to respect the decisions reached at the conference as all such decisions should be implemented as the collective will of the people”.
He, said the union support the widely held opinion that Nigerians have never lacked the ability and willingness to amicably jaw-jaw and make a success of any conference such as the proposed one. Rather the problem has always been the insincerity of the Leadership of the day and its reluctance to accept and implement the content of conference white papers and address the issues holistically.
Philip Okparaji
Business
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Banking/ Finance
Ripple Survey Reveals Appetite for Digital Assets
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.
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