International
ECOWAS Intensifies Efforts On Regional Single Currency
The Economies of West African States (ECOWAS) has intensified efforts on practical arrangements for the launch of the single currency, ECO for the region following consensus reached in the implementation of the directives issued at its 65th Ordinary Session.
This was revealed in a communiqué issued at the end of the 66th ordinary session of the authority of the head of state and government meeting held in Abuja on Sunday.
The ECOWAS bloc of 15 countries had previously planned to launch the currency in 2020, but the coronavirus pandemic caused delays.
The new launch date is 2027.
The Authority said it adopted the criteria proposed by the High-Level Committee for the selection of candidate Member States for the launch of ECO or those which would join at a later stage.
It instructed the Commission, in collaboration with the West African Monetary Agency (WAMA), to ensure that these criteria are incorporated into the protocol establishing the ECOWAS Monetary Union Agreement.
The Authority also endorses the proposals of the High-LevelCommittee on the costs, sources and modalities for financing the implementation of the reforms and institutions needed to launch the ECO.
It urged the central banks and member states to take the necessary measures for the payment of their financial contributions for the operationalisation of these institutions as soon as the decision on the effective date for the launch of the ECOWAS single currency is taken.
The Heads of State also urged the High-Level Committee, in collaboration with the ECOWAS Commission, to intensify its efforts to ensure that the deadlines set for the establishment and operationalisation of the institutions needed to launch the ECO are met.
The body said it welcomed the results achieved in the implementation of the ECOWAS Agricultural Policy (ECOWAP) within the framework of food security and nutrition.
Considering the critical role of agriculture in the socio-economic development of ECOWAS member states, the Authority directed the commission to ensure a swift implementation of the regional strategy for the Development of Livestock Farming and the Security of Pastoral Systems; the Regional Rice Self-sufficiency Initiative and its road map 2025-2035; and domesticate the Comprehensive African Agriculture Development Programme (CAADP) Action Plan 2026-2035.
The Authority also welcomed the strengthening of cooperation with technical and financial partners and urged member states to work together with community institutions towards the achievement of these initiatives for food security and nutrition in the region.
The ECOWAS currency is intended to:
Improve trade
A single currency could lower trade costs and improve intraregional trade, which is currently hindered by the use of different national currencies that are not convertible within ECOWAS.
· Boost economic prosperityA single currency could boost the economic well-being and prosperity of ECOWAS countries.
Some say that the transition to a single currency will involve a short period where both the national currencies and the common currency circulate side by side.
Others suggest that the first phase of implementation should involve two distinct ECO zones, where countries peg their national currency to the ECO.
International
Cut Petrol Prices Now, Trump orders Retailers
Trump warned that his administration would not tolerate price gouging, describing the practice as illegal and cautioning retailers that those who ignore the call to lower prices could face “big problems
United States President Donald Trump has directed gasoline retailers across the country to reduce pump prices without delay.
Trump issued the directive in a post on his Truth Social platform, accusing fuel retailers of keeping prices unnecessarily high despite crude oil trading at about $68 per barrel.
“Gasoline retailers must get their prices down immediately”, the president declared, urging companies to “do what they know is right” by passing lower costs on to consumers.”
He argued that declining global crude oil prices should translate into immediate relief for American motorists.
Trump warned that his administration would not tolerate price gouging, describing the practice as illegal and cautioning retailers that those who ignore the call to lower prices could face “big problems.”
International
JUST IN: Third Batch of Evacuated Nigerians from SA Arrives in Lagos Amid Xenophobia Fears
A fresh group of Nigerians evacuated from South Africa has landed safely in Lagos as the Federal Government continues its voluntary repatriation exercise amid heightened anti-immigrant tensions in the country.
The Air Peace flight carrying approximately 271 returnees touched down at the Murtala Muhammed International Airport (MMIA) in Lagos on Tuesday morning, shortly before 11 a.m. This marks the third major batch in the ongoing operation.
Officials from the National Emergency Management Agency (NEMA), Nigeria Immigration Service (NIS), Nigerians in Diaspora Commission (NiDCOM), and other relevant agencies were on ground to receive the evacuees, who will undergo documentation, profiling, and medical checks before reintegration support.
The latest flight departed Johannesburg late Monday night / early Tuesday, following an earlier departure from Nigeria. It forms part of President Bola Tinubu administration’s efforts to ensure the safety and welfare of citizens choosing to return home voluntarily.
Prior batches included around 258-268 returnees who arrived on June 11 and 66 more on June 25, bringing the cumulative total to over 500 before today’s arrival. The government has indicated plans for additional flights to accommodate more registered Nigerians wishing to leave South Africa.
The evacuations come ahead of and in response to planned anti-migrant protests in South Africa on June 30, with reports of over 15,000 Nigerians still potentially interested in returning amid fears of xenophobic attacks, looting, and harassment.
The Ministry of Foreign Affairs has urged remaining Nigerians in South Africa to stay vigilant, maintain contact with the Nigerian High Commission, and take advantage of available evacuation support where needed. Officials continue to monitor the situation closely while providing consular assistance.
International
HAPPENING NOW: Shops, businesses shut as protesters gather in South Africa over xenophobia
Many shops and businesses remained closed across parts of South Africa on Tuesday as protesters mobilized for anti-immigrant demonstrations, highlighting deep tensions over immigration, jobs, and alleged crime linked to foreign nationals.
Protesters, often associated with groups such as March and March, gathered in cities including Durban, Johannesburg, Boksburg, and other areas, demanding that undocumented migrants leave the country. Some marches featured participants wrapped in South African flags and carrying sticks, chanting slogans like “Mabahambe” (“They must go”). A key flashpoint has been the self-imposed June 30 deadline set by some activist groups for foreigners without valid documentation to depart.
Business owners, particularly those running foreign-owned spaza shops, informal stalls, and small enterprises, shuttered their premises in anticipation of potential unrest. In areas like Boksburg and Kwathema, many shops stayed closed for the day, with some owners citing fears of vandalism, looting, or confrontations. Reports emerged of protesters moving between businesses to inspect worker documentation and urging the dismissal of non-South African employees.
While many demonstrations proceeded under heavy police presence and remained largely peaceful, isolated incidents of intimidation, vandalism, and demands for foreign nationals to vacate properties were noted. In previous weeks and related actions, some immigrant traders abandoned their stalls after threats, with communities turning into “ghost towns” in affected neighborhoods.
Protesters voiced frustrations over what they perceive as foreigners taking local jobs, contributing to crime, and straining public services. “People are not working, the jobs are being taken by illegal foreigners. It’s not fair,” one demonstrator told reporters in Durban.
Critics, including human rights groups and some analysts, have labeled the actions as xenophobic, noting that migrants are often scapegoated despite limited evidence for broad claims. Many affected business owners, including those legally residing in South Africa, expressed fear for their safety and livelihoods.
The South African government has distanced itself from the June 30 deadline, with authorities deploying police to maintain order. The situation continues to evolve amid broader debates on immigration policy ahead of local elections.
This latest wave of protests reflects recurring tensions in South Africa, where economic hardship and competition in the informal retail sector have fueled anti-foreigner sentiment in recent years.
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