Nigeria agrees to house continental central bank

Africa took a step closer to creating a single central bank on Monday after it emerged that the African Union, a body devised to foster economic integration in the region, and Nigeria would sign an agreement to create a regional central bank in Abuja later this month.

Bloomberg, a news agency, said Maxwell Mkwezalamba, the African Union Commissioner for Economic Affairs, had revealed the news on Monday. The news agency added that Mkwezalamba had said that the African Union would work with the