ECOWAS Postpones Launching Of Single Currency
The West African regional body, the Economic Community of West African States (ECOWAS) has postponed the launch of its planned single currency “ECO.”
According to a source, the ECOWAS has set a new date for the launch to be announced.
This online news medium understands that the postponement was contained in a communique issued at the end of the 57th Summit of the Heads of State and Government of ECOWAS.
The body noted that the postponement was done in order to consolidate the achievements.
Consequently, a new roadmap for the single currency programme will be developed.
Besides, Member States are to be exempted from compliance with the convergence criteria in 2020; while also developing a new macroeconomic convergence and stability pact among the ECOWAS Member States.
The body, however, agreed to maintain the gradual approach for the launching of ECO.
Davido has received a luxury car from an auto firm for his 32nd birthday. …
Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…
Accuses detractors of peddling news of alleged governorship ambition. Speaker of the Lagos State…
Simon Ekpa and four others have been arrested in Finland over terrorism activities. Glamtush…
Davido is excited to celebrate his 32nd birthday with a ₦300m donation to orphanages. …
An American returnee has been found dead in an Ogun hotel. Glamtush reports that…