Business
Reactions Trail NCAA’s Grounding Of Max Airline’s Planes …Agency Probes Fuel Marketers
Aviation stakeholders have expressed mixed feelings over the suspension of all Boeing 737 aircrafts in the fleet of Max Airline by Nigeria’s aviation regulatory agency, the Nigerian Civil Aviation Authority (NCAA).
Reacting to the suspension while interacting with The Tide at the Port Harcourt International Airport, Friday, Chairman of Airport Accredited Car Rentals Association at the airport, Maxwell Iju, said the aviation regulatory agency has just picked out one airline, out of many that are culpable in the misdeed.
“This is the second time in about two months that NCAA has suspended Max Airline, and from my findings, some other airlines are culpable to the misdeed, and nothing has been done against them, which probably might mean that the airline is not in the good book of the NCAA, or that they did not do what others are doing”, he noted.
On his part, a senior protocol officer representing one of the multinational oil companies at the airport, Chima Ibe, in a chat, noted that the NCAA has taken a right decision as the regulatory body, to suspend Max Airline, so that others will learn a lesson.
“The safety of passengers must be a priority in air travels, because there is no packing space in the air space if anything happens, and that is why every effort must be made to proactively stop any perceived danger.
“NCAA has explained that the Max Airline has been involved in the deal of adulterated aviation fuel, and has been operating commercial flights with it, and the issue is the danger and risk it poses to passengers”, he stated.
Meanwhile, the NCAA has commenced an investigation into the activities of marketers of aviation fuel, popularly called JetA1.
This comes after the operations of all Boeing 737 aircraft in the fleet of Max Air were suspended over safety concerns.
The suspension was enforced after some of the airline’s aircrafts were involved in series of incidents, one of which showed the moment water was being drained from one of the airline’s planes while on ground in Yola.
Director-General of NCAA, Musa Nuhu, said in a statement that the agency was investigating fuel marketers and the airline.
“We are investigating the whole thing and we learnt that, that particular aircraft took fuel from Lagos, Kano and Abuja. I expect to get a report as regards the fuelling stations. Any station found wanting will be suspended till all these issues are resolved.
“We are going to be releasing another AOL to the industry to remind them of their responsibility. Flight crew should test fuel before their flight operations.
“If it is Max Air or the fueling companies that are responsible for this, we’d take appropriate actions. We are also investigating the fuel suppliers to make sure that the problem is not with them, Max Air might be a victim of fuel suppliers”, he said.
The suspension was conveyed in a letter with reference number, NCAA/DG/AIR/11/16/363, dated July 12, 2023 and titled, ‘Suspension of Parts A3 and D43 of the Operations Specifications Issued to Max Air with Immediate Effect.
By: Corlins Walter
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.
