On 20 May, the French Council of Ministers passed a bill modifying its monetary agreement with the eight member states of the West African Economic ... and Monetary Union (UEMOA), following the unexpected CFA franc reform announced this past December.
Corporate governance rather than capital strength is the main challenge facing Nigerian regulators and banks grappling with lending exposure ... to the country’s oil producers. In the second story of our series, we look at the impact of COVID-19 on Nigeria's economy as it considers the outlook for banks who have lent to oil producers.
The Nigerian Medical Association (NMA) is the largest medical association in West Africa, with over 40,000 members in the 36 states and the Federal ... Capital Territory, and about 19,000 members in the diaspora. The Africa Report speaks to its president about Nigeria's handling of the pandemic and what needs to be improved now and beyond.
West African governments are responding to Coronavirus (COVID-19) by closing borders, banning foreign travellers, closing schools and implementing ... curfews to stop the spread of the virus. Many economic sectors in West Africa such as tourism, transport and entertainment, have slowed to a near standstill, putting millions of jobs at risk.
The fragility of the reserves being used to support the naira and it's revalued rate shows that Nigeria needs to find new ways of earning foreign ... currency. In the first story of our series on the impact of COVID-19 on Nigeria, we look how its economy considers strategies to reduce the naira’s dependence on volatile oil prices.