Business
NPA, Navy, NIMASA Partner To Secure Onne, Rivers Ports
Following the incessant attacks of vessels by sea pirates in Onne and Rivers Ports, Nigeria Ports Authority (NPA) says it is partnering with the Nigerian Navy and Nigeria Maritime Safety and Administration (NIMASA) to tackle the menace.
NPA also said, plans are in the pipeline to acquire two 1.7 meters offshore monitoring vessels to complement the efforts and make the waterways safe for traffics.
Managing Director, NPA, Mrs Hadiza Bala Usman disclosed this at the weekend in Port Harcourt during the quarterly stakeholders forum held at NPA Dockyard, Rivers Port.
Represented by, the Executive Director, Finance and Administration, Mohammed Bello Koko, Usman said, soon the Nigeria Navy will be deployed to Onne and Rivers Ports to enhance surveillance and security of the facilities.
The MD also said, NPA has gotten approval for the procurement and purchase of six water tanks patrol boats.
She said the six patrol boats will enable the security agencies to patrol in and around the ports for safety.
Hadiza Usman also insisted that arrangements are in top gear with the Nigeria Navy and the office of the National Security Adviser for installation of a 3 c i, a security system that would enable NPA to monitor vessels and ships and pick them up when there is any distress.
She noted that, the disastrous system faced by the ports will soon be curbed through the NPA’s collaboration with the Navy and NIMASA.
According to the MD, the federal government is working assiduously to improve security of lives and property nationwide to the benefit of everyone.
On equipment, Hadiza Usman said, NPA will soon acquire more tugboats and construction of six pilot cutters in Onne Port to enhance productivity.
The Managing Director also said, procure processes is ongoing for the purchase of six marine boats, even as NPA is planning to dualise Bonny channel to accommodate more sea going vessels to increase traffics.
She also told the stakeholders that NPA will soon embark on the dredging of Rivers Port dockyard, to accommodate more vessels.
Usman decried that the facility at the dockyard is near moribund as budgetary provision has been made to upgrade the dockyard.
She assured terminal operators and stakeholders that, NPA will soon embark on concession reviews in the port.
Earlier, Port Manager, Rivers Port, Alhaji Abubakar Umar lauded the Managing Director, Hadiza Bello Usman for embarking on the restructuring of NPA.
Umar said, the restructuring has helped in achieving optimum operation efficiency in the ports.
On the achievements, Umar said the serene atmosphere enjoyed by the stakeholders has attracted more importers and increased ship traffic in the port which has led to more revenue generation.
The port manager also disclosed that, Rivers Port maintains cordial relationship with the stakeholders and terminal operators for efficiency.
Management, he said recently allocated two new security patrol vans to the port.
Other achievements by Umar include, responsive management, reduction in vessel turnaround time.
Alhaji Abubakar also said, Rivers Port recorded improvement in revenue generation and collection, improvement in service delivery and improved safety guidelines.
Chinedu Wosu
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.
