Business
TUC, Others Task NLC On Hitch-Free Election
The Trade Union Con
gress (TUC) and other affiliates have advised the Nigeria Labour Congress (NLC) to ensure a hitch-free conduct of the election rescheduled for March 12.
Speaking with newsmen last Thursday, in Abuja, the TUC President, Mr Bobboi Kaigama, urged the congress to put its house in order, to avoid another election disruption.
“We are happy that they have been able to resolve their differences and on March 12, they will be able to conduct the election; it is a very good development.
“We strongly believe that whatever difficulties they faced, it should be like an eye-opener to correct and see that it does not repeat itself.’’
Kaigama said that TUC was in solidarity with the NLC and would continue to collaborate and support the congress to ensure that it overcomes its difficulties.
“We believe that the Nigeria Labour Congress will come out stronger.’’
In a separate interview, Mr Sunday Alhassan, the President, Nigeria Union of Postal Telecommunication Employees (NUPTE), urged the NLC to act as a role model for Nigerian workers.
“We have looked at the entire politics that is going on and we know that things are not right; so we have to show very good example.
“Whatever the shortcomings were that made us not to conclude the 11th National Delegates’ conference, we want to say that with the new date that we have set for ourselves, we should all play by the rules.
“By playing by the rules and regulations of the labour constitution, we will be able to elect good leadership that would protect the masses and the workers.’’
Alhassan called on the delegates to be peaceful and avoid violence in the forthcoming NLC elections.
Similarly, the President of the Radio, Television, Theatre and Arts Workers’ Union of Nigeria (RATTAWU), Mr Yemi Bamgbose, advised the credentials Committee to ensure that it overcomes whatever pitfalls that might occur during the forthcoming election.
“The credentials committee that is saddled with the responsibility of conducting the election should follow due process and avoid the previous pitfalls.
“They must work in conformity with the rules and norms of holding an election of this magnitude.’’
While advising the committee to ensure the venue of the election was conducive with security presence Bamgbose further urged the delegates to abide by the constitution of NLC.
The News Agency of Nigeria (NAN) recalls that the election held on Feb. 11 during the National Delegates’ Conference to elect a new leadership ended in chaos.
The contenders accused each other of perpetrating irregularities.
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.
