Business
MWUN, LASPGC Clash Claims Four Lives
About four members of the Maritime Workers Union of Nigeria (MWUN) have been reported killed over alleged attack by members of the Lagos State Park and Garage Committee (LASPGC) at Tin Can Island Port, Lagos State.
The clash, described as a show of shame, started on Tuesday when members of LASPGC invaded the port’s corridor at National Bus Stop by dislodging members of truckers’ unions and commenced issuance of tickets to truck drivers at the second-gate axis of the Tin-Can Island Port in Apapa.
It was gathered that the ensuing brawl disrupted port operations and movement within the port and its environs, as port users, commuters and other ancillary services were halted for hours.
When contacted, Chairman, Haulage District Branch, MWUN, Comrade TaofeekBiodun, confirmed that four unit members were killed in the said attack, adding that three of them have been buried while one of the corpse was deposited at the morgue.
The identities of the late unit members of the Haulage District Branch of MWUN are Comrade Michelle Umoh, Comrade TosinOgunfeyi, Comrade Fatai Abdul Kareem, and one other, simply identified as Comrade Chukwuma.
The Tide further gathered that members of Lagos State Park and Garage Committee stormed the port corridor in the early hours with dangerous weapons and engaged the trucking unions in a fierce battle.
Our correspondent also gathered that the branch Chairman of the haulage branch was the group’s major target but, according to him, he was off duty the day the said attack took place.
Taofeek alleged further that some members were also injured during the fracas with the Lagos State group.
The Chairman explained that members of the National Union of Road Transport Workers (NURTW) had pleaded with him to join their group but he declined their offer in participating in the road transport workers activities at Tin Can Island Port corridor.
As at the time of filling this report, source disclosed that, the MWUN National President has been intimated with the incident while investigation into the incident continues.
By: Nkpemenyie Mcdoninc, Lagos
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.