CBN chief speaks on ways to support WAMZ

NIGERIA - As part of plans towards the establishment of a common currency in the Economic Community of West African States (ECOWAS) sub-region under one central bank next year, the director of research at the Central Bank of Nigeria (CBN), Dr. O.J. Nnanna, has said that the monetary union could only succeed if the legal powers and functions of the enabling institution were well defined.

"Typically the ability of the West African Monetary Zone (WAMZ) union to perform optimally will depend on th