Business
Driving School Bags UN Award
A formost driving school in Nigeria, ACE Center Driving School has bagged an award of Special Contribution to Road Safety in Nigeria by the Universal Peace Federation (UN), an NGO with special consultative status at the (NU-ECOSOC), United Nations Global Road 1, Safety Week 2017.
The Team Leader, Managing Director of the school, Mr Nduka Ejoh, who is also the chairman, Association of Certified Driving School Owners of Nigeria, Rivers State chapter disclosed this to The Tide correspondent during a chat in his office in Port Harcourt, recently said the award which was presented to the school authorities in Abuja on May 11, 2017 was well deserved because of their unique services to mankind and priority attention on safety on the road.
Ejoh, who spoke through the Operations Manager of the school, Mr Tamunokuro Fuayefika said the award would further spur them to serve the public better and to improve in their services on safety and defensive driving, adding that over 384 persons within the past years were trained, issued certificate of competency for both beginners and defensive drivers.
According to him, their services are unique for the fact that they assigned one instructor to a trainer with a neat air-conditioned car, well specious classroom for theoretical lectures after practical on the road, serene environment and security guaranteed as they operate within Old GRA and Amadi flat axis of Port Harcourt.
He further noted that they train their students on a good road network with well experienced and professional instructors to train the trainers as well as affordable training fee compared to the quality and standard facilities enjoyed during the trainings.
The Managing Director therefore explained that they deserved the award and assured that they would keep up the spirit for a better service delivery to the public.
On safety during this “ember” months, Mr Ejoh advised motorists to always use their seat belts, obey traffic signs, avoid over-loading and speeding, ensure all accessories like spare tyres, jack and jack-handle, wheel spanners, caution or general danger signs, clean water in a bottle, gloves, torch-lights are always in the vehicle.
Collins Barasimeye
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.
