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Former CBN Deputy Governor Kingsley Moghalu Dispels Naira Fantasy ‘Dreaming Of N400 To Dollar Is Unrealistic’

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Former CBN Deputy Governor Kingsley Moghalu Dispels Naira Fantasy ‘Dreaming Of N400 To Dollar Is Unrealistic’....KINDLY READ THE FULL STORY HERE▶

In a bold assertion that echoes across economic corridors, former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu, has shattered illusions surrounding the Naira’s exchange rate, dismissing the notion of achieving a Naira-to-Dollar ratio of 400 as a fantasy.

Addressing the intricacies of Nigeria’s economic landscape on his X account, Moghalu delivered a sobering analysis, emphasizing the imperative for the Naira’s value to align with market realities. He lambasted past CBN policies under Godwin Emefiele’s tenure, denouncing artificial measures aimed at placating economic novices in positions of political power….READ ALSOPeter Obi Warns That CBN’s 22.75% Interest Rate Will Worsen Economic Conditions, Leading To Increased Job Losses

 

 

Moghalu attributed the perpetuation of economic fallacies to these artificial interventions, which, he contends, fueled rampant speculation and drained the nation’s economic vitality. He underscored the absence of a robust export economy beyond oil as a pivotal issue, emphasizing the urgent need for a paradigm shift towards value-added manufacturing and diversified export streams.

Highlighting Nigeria’s lagging infrastructure, particularly in the energy sector, Moghalu underscored the critical role of adequate power supply in propelling economic growth. With Nigeria’s paltry electricity generation capacity starkly contrasting with its burgeoning population, he emphasized the transformative potential of scaling up energy production to unleash the country’s entrepreneurial prowess.

Moghalu’s candid assessment offers a sobering reality check, urging stakeholders to prioritize structural reforms and long-term investments over fleeting currency fantasies. As Nigeria navigates its economic trajectory, Moghalu’s insights serve as a clarion call for pragmatic policies aimed at fostering sustainable growth and prosperity for all.

 

Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says
Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says

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Millions Vanished! Bella Shmurda Breaks Silence On The Deceptive Scam That Rocked His World!.

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Popular Nigerian musician Abiola Akinbiyi, widely known as Bella Shmurda, has claimed he is the victim of a major real estate fraud in Lagos.....KINDLY READ THE FULL STORY HERE▶

The Allegation

  • Significant Financial Loss: The singer alleges he paid $4 million for a property, only to later discover the seller did not legally own it and that it may have been stolen property.

  • Disappearing Seller: Bella Shmurda stated that the individual who managed the transaction became unreachable immediately after receiving the payment.

  • Emotional Appeal: During a distressed Instagram Live session on Tuesday, the artist expressed devastation, noting that the lost funds were the result of years of dedicated work.

Next Steps

  • Legal Action: Bella Shmurda has engaged his lawyer to investigate the transaction and determine the necessary legal path forward.

  • Lack of Verification: As of the time of the report, the singer’s claims remain unverified.

  • Ongoing Silence: There has been no official response from law enforcement, the alleged seller, or any intermediaries involved in the transaction.

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Davido Drops A Bombshell: “I Blow ₦400 Million Every Single Month!”.

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Award-winning Afrobeats artist David “Davido” Adeleke has revealed that his celebrity lifestyle comes with a massive price tag, stating he spends between $200,000 and $300,000 (approximately ₦300 million to ₦400 million) every single month.....KINDLY READ THE FULL STORY HERE▶

During a recent livestream with streamer Davrel, the singer clarified that this staggering amount is for his personal expenses alone and does not include the living costs for his wife, Chioma Adeleke, or the rest of his household. He further emphasized that the figure excludes major purchases, such as luxury cars and jewelry.

Story 2: Davido’s Reaction to Ozonna Soludo

Davido has publicly reacted to a viral video featuring Ozonna Soludo, the son of Anambra State Governor Charles Soludo. The clip, which circulated widely on social media, showed Ozonna dancing and singing along to a controversial track that directly addresses various Nigerian political leaders, including President Bola Tinubu and Governor Soludo himself.

The video gained significant traction because Ozonna continued to participate in the recording even as the song mentioned his father by name. Davido found the situation amusing, leaving a comment that suggested Ozonna was completely unbothered by any potential backlash the video might receive.

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Give Me Space! Uche Ogbodo Breaks Silence On Flurry Of Male Attention After Marriage Split!”.

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Nollywood actress Uche Ogbodo has addressed the surge of romantic interest she has received following reports of her marriage ending with her husband, Bobby Maris.....KINDLY READ THE FULL STORY HERE▶

  • Social Media Attention: Ogbodo revealed via an Instagram post that she received over 100 direct messages from men in a single day.

  • Request for Space: The actress urged her admirers to remain patient, stating she is not currently looking for a relationship and needs space to “breathe”.

  • Reflections on Her Marriage: Before this, Ogbodo fueled rumors of a split by sharing emotional posts on her Instagram Story, in which she questioned why society criticizes women for admitting they are tired of a marriage when the same feeling is accepted in men.

  • Critique of Societal Expectations: Ogbodo expressed frustration that her decision to potentially end a marriage—after eight years—was treated as a sin, and she questioned whether she was expected to stay until death for her pain to be validated.

  • Frustration with Pressures: She emphasized that her happiness in the marriage often seemed dependent on connections, and she warned against being pushed beyond her capacity to endure.

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