Nigeria Warns on ECOWAS Currency Integration The Nigerian President, Muhammadu Buhari, has cautioned member countries of the Economic Community of West African States (ECOWAS) against forcing through the planned currency integration in the sub-region by 2020. President Buhari, who was represented by the Governor, Central Bank...

Vice-President Yemi Osinbajo described the continent of Africa as a land of immense opportunities, noting that Foreign Direct Investment inflow into the region was expected to hit $75.5bn by the end of this year. Osinbajo stated this in Abuja at the opening session of a...

Finance Minister, Mrs Kemi Adeosun, has emerged the Chairperson of the Board of Governors of the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID). She was named the new chairperson of EBID at the end of the 15th Ordinary Meeting...

The Federal Ministry of Industry, Trade and Investment (FMITI) under the leadership of the Hon. Minister, Dr Okechukwu Enelamah, has rolled up it sleeves to lead the government’s efforts towards actualization of the Economic Recovery and Growth Plan (ERGP).   This was demonstrated at the 2017...

A two-day Ad hoc expert group meeting on “The impact of the Economic Partnership Agreements (EPAs) and the ECOWAS Common External Tariff (CET) on the structural transformation of economies and regional integration in West Africa” is underway in Ouagadougou, Burkina Faso. Jointly organized by ECA’s...

Pull quote: Neither government agencies nor private sector businesses can do enough in supporting the agenda for diversifying the sources of foreign exchange earnings for the country. There are indications that the Nigerian economy is on the path of recovery. Oil prices have stabilised around...