ECOWAS Proposes Separate Currencies for Anglophone, Francophone Countries

The Economic Community of West African States (ECOWAS) is reportedly putting its long-standing plan to introduce a single currency, known as the ECO, on hold after years of struggling to bring the initiative to fruition. Senator Edwin Melvin Snowe Junior, Co-chair of the ECOWAS joint committees on Social Affairs, Gender and Women Empowerment, Legal Affairs … Read more

Naira Depreciation: EFCC Targets BDC Operators In Abuja, Lagos, Kano, Port Harcourt

EFCC Targets BDC

EFCC targets BDC operators in major Nigerian cities. Raids have disrupted trading and contributed to the naira’s high exchange rate. The Association of Bureau De Change Operators confirmed the raids affected both street traders and some registered operators. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has intensified its crackdown on Bureau … Read more