Business
ECOWAS single currency, “ECO” suffers new setback
The West African regional body, the Economic Community of West African States (ECOWAS) has postponed the launch of its planned single currency “ECO”.
The regional body said a new date for the launch will be announced at a later date.
The news of the postponement was contained in a communique issued at the end of the 57th Summit of the Heads of State and Government of ECOWAS.
The body said the postponement was done in order to consolidate the achievements. Consequently, a new roadmap for the single currency programme will be developed.
Member States are to be exempted from compliance with the convergence criteria in 2020; while also developing a new macroeconomic convergence and stability pact among the ECOWAS Member States.
The body however agreed to maintain the gradual approach for the launching of ECO.
-
Latest1 week agoTinubu Grants Customs Boss Adeniyi Final Six-Month Extension to Oversee Single Window Project, Succession
-
Latest1 week agoAPC’s Asogwa wins Enugu North senatorial by-election by wide margin
-
News1 week agoYiaga Africa Flags Discrepancies in Ballot Papers of Ekiti Governorship Poll
-
Latest1 week agoAPC, PDP clinch key by-elections as INEC declares winners in Kano, Rivers
-
Latest1 week agoOyebanji extends lead as APC dominates Ekiti governorship race with 91% of results uploaded
-
Politics7 days agoPRP presidential primary heads to court as aspirant challenges Donald Duke’s nomination
-
Latest4 days agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Football1 week agoJapan crush Tunisia 4-0 in historic 1,000th World Cup match as Curacao earns first-ever point