Business
NCSU Moves To Resolve FIRS, Workers’ Feud
The Nigeria Civil Service Union (NCSU), Federal Council, Abuja, has set machinery in motion to resolve the disagreement between the Federal Inland Revenue Service (FIRS) and its workers, who have been demanding improved welfare and other working conditions.
The union, which made its position known on the issue, after rising from its 55th Federal Executive Council meeting last Tuesday in Abuja, expressed sadness over the adamant posture of the management of FIRS in engaging NCSU as a way of resolving the disagreement.
The union, therefore, directed its federal council to employ whatever means to ensure that it brings the management of FIRS to a round table discussion while placing all MDAs affiliated to NCSU on red alert in case of further interventions.
The union, which gave this indication in a communiqué signed by the Chairman of the Federal Council, Comrade Timothy Odebunmi and the Secretary, Comrade Daniel Otakpo also stressed the need for the Federal Government and state governments to reduce the cost of governance in view of dwindling resources.
It regretted that while a greater parentage of the youths are unemployed or facing abject poverty, hundreds of millions of naira is used in maintaining and paying political office holders, and, therefore, urged government at all levels to cut down the size of political appointees in order to save resources to meet other development needs and programmes.
The FEC-in-session equally expressed concern over the level of mass poverty and insecurity in the country as well as corruption, and called on the Federal Government to put policy measures in place that would address the level of poverty and unemployment as a guarantee for social security and peaceful co-existence.
The union noted the decline in the provision of appropriate and adequate training needs in the federal civil service, and called on government at all levels to urgently adopt a training package for all cadres of civil servants that will be comprehensive, cost effective and proactive; equip officers and personnel with requisite skills, ability and competence; and reposition the civil service for it to respond to the challenges of neutrality, responsiveness, efficiency and transparency.
It also frowned at the shortage of working materials in some MDAs, a situation it said has slowed down the rate of output by workers in the MDAs and advised the various organs of government to re-double their efforts by ensuring that working materials are readily available for civil servants to deliver on their mandate. The union equally called for total overhaul of the federal secretariat, as most of the lifts are dysfunctional, a situation, it noted has become an impediment for workers and visitors alike to access their offices.
The union further noted that overheads to MDAs are grossly inadequate to carry out the business of government, and condemned in strong terms the tendency by some heads of departments to deploy money without recourse to financial guidelines and regulations, stressing that in some cases, such monies are diverted for personal aggrandizement, and therefore, advised all those involved to stop the ugly trend.
It felicitated with the new Auditor General of the Federation, Mr. Aghugbu Arhofomhenla Adolphus over his appointment, saying , it was based on merit, honesty, hardwork and dedication to service, and also congratulated the council Secretary, Comrade Daniel Otakpo and his predecessor, Comrade Prince Rasheed Sani for their elevations to the rank of Assistant General Secretary of NCSU, and reaffirmed the council’s commitment, loyalty and trust in the national leadership of the union led by the President, Comrade (Chief) Lawrence Uchechukwu Amaechi.
By: Donatus Ebi
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.
