Posted 3/17/2024, 3:15:30 PM
Nigeria Remains Hopeful for ECOWAS Currency Despite Struggles Meeting Convergence Criteria
- Nigeria optimistic about proposed ECOWAS single currency "Eco" despite failure to meet established convergence criteria
- Nigerian currency naira struggling, falling against major currencies in official and unofficial markets
- Nigeria's Finance Minister Edun reiterates commitment to WAMZ single currency project despite decline in member states' scores
- Edun states resolving to work towards achieving objectives, emphasizes cooperation and upholding disciplines
- Niger, Mali, Burkina Faso withdraw ECOWAS membership over dissatisfaction with economic interests guarantee