Currency Archives -

ECOWAS To Launch Single Currency, ECO, In 2027

Kingsley Chukwu1 month ago04 mins

The Economic Community of West African States (ECOWAS) is ramping up preparations for the introduction of its single currency, ECO, following a consensus reached during its 65th Ordinary Session. This announcement was made in a communiqué released after the 66th ordinary session of the heads of state and government meeting held in Abuja on Sunday….

Bill To Prohibit Foreign Currency Use In Nigeria Advances In Senate

Kingsley Chukwu1 month ago06 mins

The Nigerian Senate has taken significant steps towards reinstating the country’s monetary sovereignty by introducing legislation aimed at banning foreign currencies for transactions and payments within its borders. The proposed bill seeks to ensure that all financial dealings, including salaries and general transactions, are carried out exclusively in Naira. This initiative aims to eliminate discriminatory…