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• Stalemate enters 46 days over border closure • Shortage of raw materials might worsen, consumers to pay more amid inflation Still reeling from the effects of Nigeria’s border closure on its economy, the government of the Republic of Benin has imposed new import duty of CFA9 million (N6.5 million) per transit truck on Nigeria-bound cargoes transiting through the country, which are exempted from all forms of duty under the Economic Community of West African States (ECOWAS) protocols on transit goods. With the situation yet to be resolved 46 days after, Nigerian manufacturers have suffer...

“As I steer the Chairmanship of this Committee for the next one year, I will be more consultative with colleague Governors in the implementation of key responsibilities earmarked under the ECOWAS Single Currency Program," Governor Tarlue said. The Committee of Governors of the ECOWAS Central Banks has elected the Executive Governor of the Central Bank of Liberia, Hon. J. Aloysius Tarlue, Jr. as its new Chairman. The decision was made during the Committee of Governors’ meeting held virtually on 15th February 2021. The meeting of the Committee of Governors of ECOWAS Central Banks was held ...