Business
Customs Boss Decorates 13 Newly Promoted Officers
The Comptroller-General of Customs, retired Col. Hameed Ali has charged the recently promoted officers of the Nigeria Customs Service (NCS) to see their new ranks as call to greater service.
Performing the decoration of the five new Deputy Comptrollers-General (DCGs) and eight Assistant Comptrollers-General (ACGs) with their new ranks in Abuja, Ali said that their promotion was based on merit.
The new DCGs include Aminu Dangaladima, Augustine Chidi, Sule Alu, Patience Iferi and Ronke Olubiyi.
Also, the newly appointed ACGs include Talatu Isa, Benjamin Abeg, Ladan Hamza, Kaycee Ekekezie, Aminu Dahi.
He said that the appointment was a call to greater service to the nation.
Ali said that promotion in the NCS was based on experience and hard work, adding that for an officer to get to the position of ACG or DCG, the individual would have gone through thick and thin.
“This is the first time in the NCS we are abiding by the Beijing conference resolution.
“Today out of the 18 Customs management members of NCS, we have six women and out of the six DCGs we have two women.
“To whom much is given much is expected; the weight is not in the rank but the responsibility. These ranks will propel you to do more in the service.
“I must confess that this is the first time that I will take responsibility for full selection of my members of the management.
“And what that means therefore is that the failure of the management is the failure of Ali because I selected this team. I hope and pray that you will not let me down.
“We as a team will continue to propel, move the service forward and we will continue to serve this country in the best interest of the nation.
“The NCS is the only service I know that touches virtually the lives of everybody in the area of trade facilitation, revenue generation and security and wellbeing of Nigerians.
“We thank this great nation for giving us the opportunity and permission to serve,” Ali said.
The CG recalled that at the last World Customs Organisation (WCO) council meeting, one of the things that were promoted was equal gender representation in the service.
He said that WCO advocated for equality between women and men in the service.
“I will be glad to tell the Secretary General of WCO that NCS was the first to have met the criteria,’’ Ali 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.
