Buhari criticises breach of agreements on ECO currency
By CNBC
25 June 2020 |
9:00 am
Nigeria’s President Mohammadu Buhari has expressed displeasure about Francophone West Africa’s adoption of the Eco in replacement for its CFA Franc ahead of other ECOWAS Member States. Buhari says it was a matter of concern that people with whom others wished to go into a union were taking major steps without trusting their counterparts for discussions. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.
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August 9, 2023
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10 Aug
West Africa's regional bloc on Wednesday said a military intervention in junta-ruled Niger was "the last resort" as Nigeria cut electricity supplies to intensify pressure on the country's coup leaders.
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The military junta said it shuttered the country's airspace because of the "threat of intervention." An ECOWAS demand to restore President Bazoum or risk military action has now expired.
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Regional analysts have said the move by West African leaders to activate a standby force to counter the junta in Niger represents a failure of diplomacy and is unlikely to succeed.
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