Business News of Monday, 10 February 2020Source: classfmonline.comECOWAS agrees to investigate Nigeria border closureECOWAS logoThe Economic Community of West African States (ECOWAS) have agreed to conduct an investigation into the impact of Nigeria’s decision last year to close off its land borders to trade, Nigeria’s presidency said today. This may come as a big relief to the Ghana Union of Traders Association (GUTA) as well as exporters. Nigeria, Africa’s biggest economy has banned the import and export of all goods through its land borders since last August as part of what it describes as a campaign to tackle smuggling. Its smaller neighbours, including Ghana who rely on trade with Nigeria, have complained that this has caused severe hardship. Heads of state from ECOWAS agreed Sunday night to set up a committee “to study and make a full report on Nigeria’s land border closure with her neighbours,” said a statement from a spokesman for Nigerian President Muhammadu Buhari.

Source: GhanaWeb February 10, 2020 16:07 UTC