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Nigeria Calls For Delay in New Regional Currency Launch

The Nigerian presidency has called for an extension date on the launch of the single currency, accepted by eight West African countries. The new currency will see those countries change their respective currencies to the Eco, and will see the final cutting of ties with the CFA Franc, a France-backed currency used by the former colonial power.

West Africa: Govt Calls for a Delay in Eco Regional Single Currency Launch

RFI, 11 February 2020

The Nigerian presidency said via social media on Monday that it is calling for a delay in the Eco, the West African single currency that is set to be unveiled this year. Read more »

Satellite view of West Africa.

Nigeria: Nigeria Moves Against Hasty Adoption of 'Eco', Says It's Studying the Situation

This Day, 31 December 2019

Strong indications emerged yesterday that Nigeria is dissatisfied with what it considers as hasty adoption of the ‘Eco,’ the proposed single currency for West African… Read more »
West Africa: Is Eco Currency Just an Echo of the Colonial Past?

ISS, 24 January 2020

The decision by eight mainly Francophone West African countries to abandon the CFA currency they have used since before their independence from France has been widely trumpeted as… Read more »

InFocus

Will Nigeria Dump the Naira for the New West African Currency?

The Nigerian government has said that it is studying the pending launch of Eco a single currency proposed for use by the Economic Community of West African States, ECOWAS. Eight ... Read more »
- Nigeria: Nigeria Moves Against Hasty Adoption of 'Eco', Says It's Studying the Situation
- West Africa: Eco - Nigeria Hesitant As Ghana Lauds French Ecowas Members' Decision to Dump CFA
West Africa Renames Common Currency, Cuts Links to France

Eight countries have agreed to change the name of their common currency to the Eco, finally cutting ties with the CFA franc. The Eco will still be pegged to the Euro but the rule Read more »
- West Africa: Why France Kidnapped West Africa's Eco Currency
- West Africa: New Currency, the Eco - Rebrand or Fresh Start?
ECOWAS Committee to Look Into Nigeria Border Closures

The Economic Community of West African States have formed a committee to study and make a full report on the closure of Nigerian land borders. Nigeria closed its land borders in ... Read more »
- West Africa: Ecowas Constitutes Committee On Nigeria's Land Borders Closure
- Burkina Faso: Burkina Faso President Heads Ecowas Committee to Investigate Nigeria's Border Closure
West African States Mired in Controversy Over 'Eco' Currency

English-speaking members of the Economic Community of West African States (ECOWAS), plus Guinea, say renaming the French-backed CFA franc Eco "is not in line" with plans by the ... Read more »
- West Africa: Is Eco Currency Just an Echo of the Colonial Past?
- Gambia: Is the ECO Going to Be the Currency of the Gambia Before the End of January 2020?
West African Countries Adopt Single Currency

The ECOWAS commission has adopted the Eco as the single currency to be issued in January 2020. The idea of the single currency for the West African region was first mentioned ... Read more »
- West Africa: ECOWAS Heads of State Name Single Currency ECO
- West Africa: Common Currency Divides West African Nations

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