Ayeiroyin

The return of President Muhammadu Buhari from the United Kingdom on Friday has brought stability into the polity. Says the Abia former governor, Dr Orji Kalu.  Kalu told newsmen in Lagos on Sunday that Nigerians were happy that the president was back in good health. The News Agency of Nigeria (NAN) reports that the president went on vacation to the UK on Jan. 20, and also met with his doctors during the trip before returning on Friday. Kalu said: “Now that the president is back, I am very happy; we have been praying. “Both Christians and Muslims have been praying because the country has been so polarised that the fabrics of our nation have been eaten with tribalism and religion. “So I am very happy that the president is back and I want him to listen to his doctor’s advice and continue to take his medication, if any’’. The former governor noted that the president had kept his campaign promise of restoring peace to the North Eastern part of the country, which had been...

Banks  are awash with dollars, as the Central Bank of Nigeria (CBN) continues to support the naira. The banks have cleared the backlog of requests for foreign currencies for basic travel allowance, school fees and medicals. A banker told NAN that his bank had so much dollars that its marketers were asked to encourage customers to request for the greenback. The source said that the bank wanted to avoid a situation where it would be forced to return excess Forex to the CBN. Doing so would force the CBN to reduce the quantity of Forex sold to the bank. Another source from First Bank said following the CBN intervention, the bank had succeeded in clearing all pending requests for Forex as far back as September, 2016. Also, a source in Guaranty Trust Bank commended the decision of the CBN to flood the market with Forex, thereby allowing the banks to meet legitimate requests from its customers