Nigeria, Sierra Leone Plan Currency Swap   The Chairman, Economic Community of West African States (ECOWAS) Committee of Governors of Central Banks, Prof. Kelfala Kallon, has disclosed a plan for currency swap between Nigeria and Sierra Leone. Kallon, who is presently the Governor, Bank of Sierra Leone,...

We’ll Soon Decide On ECOWAS Single Currency, FG Says   The Federal Government on Monday said it was studying the decision of eight West African countries to change the name of their common currency to Eco. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,...

ECOWAS Records 3.3 % Growth In 2019, Investments Hit $20bn   Despite security challenges experienced by the Economic Community of West African States (ECOWAS), growth within the region hit 3.3 per cent while investments from development agencies like the African Development Bank (AfDB) rose to $20...

AfDB: ECOWAS Endorses Adesina For Second Term   The Economic Community of West African States has endorsed the candidacy of African Development Bank President, Akinwumi Adesina, for a second term in office. The decision was taken at the 56th ordinary session of the Authority of Heads of...

ECOWAS Targets Central Electricity Grid Control By 2020   A central control centre that will be used to manage and operate all electricity grids in West Africa shall begin operations by 2020, the West African Power Pool announced on Wednesday. WAPP is an agency of the Economic...

EU Releases €1bn For Quality Standards In ECOWAS   The European Union on Monday said it had provided development assistance of over €1bn to support the standardisation of goods and services produced in the Economic Community of West African States countries. It said the amount was specifically...