Business
Yuletide: Commuters Stranded At Parks
Following the mass exodus of people travelling out of Port Harcourt City for the festive season, commuters were stranded at the various parks and loading points due to lack of vehicles.
The Tide investigation revealed that commuters who waited in groups according to their respective routes in the respective parks, expressed displeasure, stressing that the lack of vehicles have made the few ones available to hike the fare indiscriminately.
Speaking to The Tide on Monday in Port Harcourt, one of the affected passengers at Abali Park, Mrs Jane Jamabo, lamented over what she described as artificial scarcity of vehicles at the park, pointing out that there were enough vehicles littering the parks, but refused loading because they were hunting for special drops and charters.
This situation she continued, had resulted in exorbitant increase in transport fare.
At the flyover’s various loading points, there were enough vehicles busy loading. A driver, Mr Edet Udo, who plies Uyo, Akwa Ibom State Capital told The Tide that their members were well prepared for the season, saying that this season was a period of harvest for them and no driver would like to miss out.
He admitted hiking the fare, noting that Port Harcourt to Uyo, formerly was N1,000 but now N1,500 and that increase in fare would be short- lived as the mass movement of people out of the city will soon end.
Udo, said that their members considered the hash economic condition in the country and availability of petroleum product in the yuletide as major option in arriving at the little increament made on the fare.
He assured the commuters of adequate and safe service delivery within the period.
Kinika Mpi
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.
