Kingsley Moghalu Archives - News Desk Nigeria

Heritage Bank: Revocation of license by CBN wasn’t surprising

NewsDeskNgJun 5, 2024June 5, 20240

Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has described the recent revocation of the banking license of Heritage Bank by the apex bank as the chronicle of a death foretold. Moghalu said the development wasn’t surprising. In a post on his X handle on Wednesday,...

Nigerian govt can pay N500,000 Minimum Wage with active production economy – Moghalu

NewsDeskNgJun 5, 2024June 5, 20240

A former deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has said the Nigerian Government can pay N500,000 as minimum wage if the country has an active production economy. Moghalu, however, said government can only pay between N75,000 to N100,000 as new minimum wage due to the...

INEC failed, needs complete overhaul

NewsDeskNgMar 4, 2023March 4, 20230

Former presidential candidate of the African Democratic Congress, ADC, Kingsley Moghalu, has criticised the Independent National Electoral Commission, INEC, over its conduct of the February 25 presidential election. Moghalu, a former Deputy Governor of the Central Bank, also insisted that the INEC needs a complete overhaul. His statement was made...