Scandal: Politicians allegedly behind new naira notes scarcity, as banker confirms 10% kickback to exchange N100m new notes

WorldStage Newsonline– Although government has come out with reasons for the two most punishing issues of scarcity of new naira notes and fuel Nigerians are currently facing, reliable sources who preferred anonymity for fear of persecution and because they’re not authorized to speak on the matters have fingered politicians behind the crises.

Scandal: Politicians allegedly behind new naira notes scarcity, as banker confirms 10% kickback to exchange N100m new notes Read More

ECOWAS parliament members accuse France of hindering adoption of ECO as West African single currency

WorldStage Newsonline– The Economic Community of West African States (ECOWAS) has alleged that the French government was fueling political inertia in the adoption of the West African single currency, ECO, over its CFA franc.

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Moody’s explains downgrade of long-term deposit ratings of Nigerian banks

WorldStage Newsonline– Moody’s Investors Service (Moody’s) has attributed the downgrade of Nigeria to Caa1 from B3, and change in the outlook to stable to the eventual  downgrade of the long-term deposit ratings, issuer ratings as well as the senior unsecured debt ratings of all its rated banks in Nigeria to Caa1 from B3.

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