Business
Oil Communities, Prone To Kidney Disorders
A nephrologist at the Central Hospital, Warri, in Delta, Dr Ralph Onyemekeiha, says people living close to oil explorations sites are prone to kidney disorders.
Onyemekeiha made this known in an interview with the newsmen, yesterday
He said that there were documents to show that gas flaring and other hydrocarbon emissions contribute to kidney and other health problems.
The expert maintained that at least three or four of every 10 patients admitted in hospital, had kidney problems.
‘‘I took my team to a community which I won’t mention its name for political reasons, to ascertain the impact of gas flaring and oil explorations on the people living around there.
‘‘What we saw in the urine of the people was shocking; somehow, if you present it to the oil companies, it will look as if you want to disturb their business.
‘‘When we were training as medical doctors, we hardly saw or heard of kidney failure; it is now very common.
‘‘In every 10 people that are sick and admitted in hospital, at least three or four are kidney patients; it is worrisome.
‘‘So, in communities where oil explorations take place, we have a lot of kidney issues; most of my patients are from those communities.
‘‘Overall, I can authoritatively tell you as an expert that many of the diagnosed kidney diseases occur in the Niger Delta region than any other regions in the country.’’
Onyemekeiha identified the commonest causes of kidney failure as hypertension, diabetes and drug abuse, among others.
According to him, deformity among children occurs in an environment where gas is flared as pregnant women inhale the gas or drink of the acid rain water caused by oil explorations.
‘‘You cannot flare gas and say you want to reduce kidney problems,’’ he said.
The nephrologist urged people to be mindful of the kind of water they drink and maintain proper hygiene.
He also advised oil companies to seek alternative means of evacuating waste products in their crude oil, in view of its enormous health challenges.
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.
