Business
Clearing Agents Protest Planned Eviction By NPA
Sen. Abdul-Azeez Nyako of Adamawa Central Senatorial District (2nd-right), speaking to some women during the commencement of his Soft Loan Empowerment Programme for women petty traders in Yola on Sunday.
Clearing agents with of
fice space at the Container Complex, Tin Can Island port, on Thursday, urged the management of the Nigerian Ports Authority (NPA) to rescind its decision to evict them from the complex.
The plea came on the heels of a peaceful protest staged on Wednesday, by the agents over a quit notice given by Seaview Properties Ltd., a subsidiary of NPA.
The Chairman, Containerised Office Complex, Mr Chukuemeka Shedrack, who made the plea in a statement in Lagos, said that the NPA management should not throw them out since there was no alternative provided for them.
In a letter dated Februart 11, 2016, Seaview properties Ltd., asked everyone to vacate his office space on or before September 30, 2016.
Shedrack said that the Managing Director of NPA, Malam Habib Abdullahi, had not granted them audience since the letter was written to them in February.
“We are all agents but they want to displace us from here. I do not know where they want us to go,’’ he said.
“They (NPA) have not provided any alternative for us. This was why we wrote a letter to the managing director so that we can hear from him because to displace all the crowd from here, where do they want us to go?
“The management of NPA has been saying they do not want people loitering around the port and now they want to displace us with no alternative.
“If they push us out of this place, where do they want us to go?
“We are not security risk here because we are doing our legitimate jobs and we have been here for more than 20 years. We have been here doing our normal jobs and we have never been security threats to anyone,’’ Shedrack continued.
He, however, urged the Federal Government to intervene before the management of NPA send them out of the complex.
“We are stakeholders and we are legitimate business people who generate revenue for the Federal Government, ‘’ Shedrack 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.