Nigerian sleaze hits Africa's single currency plan

Officials at the International Monetary Fund (IMF) have warned West African nations against creating a single currency, over fears that Nigerian involvement would undermine its credibility.

Monetary union would leave most participating countries worse-off than if they had retained their own currencies, the IMF warned.

The find warned over the inclusion of Nigeria, which has a troubled history of economic management.

Eight French-speaking countries in West Africa already use a common money, the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: