Redesigned Notes: Naira Now A Black Market Commodity – Kingsley Moghalu Laments - 9jaflaver





Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  SOCCER LIVE-SCORE   |  MOVIES   |  +18 ADULT LEAKS   |   INSTALL 9JAFLAVER MUSIC APP   |  HOTTEST 100 SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  LATEST COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES  |  






9jaflaver advert



Redesigned Notes: Naira Now A Black Market Commodity – Kingsley Moghalu Laments



Moghalu also said the current scarcity of the Naira was a way of the currency responding to its smuggling, arbitrage and other forms of corruption.

Former presidential candidate of the African Democratic Party, ADC, Kingsley Moghalu has lamented that naira is now a black market commodity.

This followed the scarcity of the new naira notes leaving people to buy and sell the currency at high rates.

His statement was contained in a post via his verified Twitter handle on Friday.

Recall that the country is currently facing challenges in its transition to newly redesigned Naira notes, with incidents of frustration and anger among Nigerians sweeping across the country.

However, amidst the crisis trailing the distribution of the redesigned Naira, President Muhammadu Buhari has said he would be taking a major decision in a week.

Buhari stated this on Friday following a request and meeting by the members of the Progressive Governors Forum at the State House in Abuja.

However, Moghalu insists the Naira is experiencing the same thing as the Forex.

He wrote, “Naira is now a black market commodity! Scarcity and the laws of economics. The market will always respond to scarcity with smuggling, arbitrage, or other forms of corruption. As with forex, so it is with the Naira. May this cup pass over us quickly.”








Promote Article, Music, Video, Comedy Skit & Virals
Call: +2348143945195 Or +2349027283345

Whatsapp: +2348143945195




















Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


ATTENTION!! CAN'T FIND THE SONG YOU ARE LOOKING FOR? INSTALL 9JAFLAVER GO APP NOW TO GET ALL MUSIC, STREAM AND DOWNLOAD LEGALLY, AND LET YOUR FAVOURITE ARTISTS GET PAID ROYALTIES (CLICK HERE)



Promoted Songs





DMCA.com Protection Status

© 2014-2023 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.