Business – Thav Media

Business by Jennifer Wamuo March 14, 2023

Meta Lay-Off: Facebook Owner To Sack 10,000 Staff

The Meta Family and owners of Facebook, Instagram and WhatsApp, has announced that it will cut 10,000 jobs. It will be the second series of mass redundancies from the tech giant, which laid off 11,000 employees in November 2022. Meta chief executive…

Business by Jennifer Wamuo March 13, 2023

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Old Naira Saga: CBN Issues A Go Ahead Order On The Use Of Old Notes

The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits. According to the DAILY POST, Soludo who is a former CBN Governor…

Business by Jennifer Wamuo March 7, 2023

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New Naira Policy: Banks Obey Supreme Court, Begins Payment Of old N500, N1,000 Notes

As a result of the Supreme Court judgment last week which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, some banks have started paying out old N500 and N1,000 notes to customers around the country. Banks…

Business by Jennifer Wamuo February 22, 2023

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BREAKING: Supreme Court Adjourns New Naira Suit, Fixes March 3 For Judgement

The Supreme Court has adjourned until March 3, when it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN). The decision was taken by the seven-member panel of the apex court on Wednesday. Six more…

Business by Jennifer Wamuo February 22, 2023

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Buhari and Emefiele Will Expire After Presidential Election – Oshiomole Kicks Against Naira Redesign Policy

The former governor of Edo State Adams Oshiomole, has kicked against President Muhammadu Buhari’s decision on the naira redesign policy. According the former National Chairman of the ruling All Progressives Congress, APC, While speaking at a political gathering at Jattu Market in…

Business by Jennifer Wamuo February 17, 2023

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Politicians Fighting To Keep Old Notes Selfish – Okon Lagos

Nollywood Actor and comedian Ime Bishop Umoh aka Okon Lagos has argued the fight by politicians for the old N1,000 and N500 notes to continue as legal tender is fuelled by self-interest. He argued the politicians, who he described as ‘desperate vote-seeking’ cared…

Business by Jennifer Wamuo February 15, 2023

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New Naira Saga: Governor Ikpeazu Suspends Revenue Collection In Abia Markets

Abia State commissioner for trade and investment, Chief John Okiyi Kalu, said Governor Okezie Ikpeazu is concerned about the effect of the new cashless policy of the Central Bank of Nigeria (CBN) and the redesigning of naira notes on traders in the state.…

Business by Jennifer Wamuo February 15, 2023

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Supreme Court Adjourns Case On CBN’s Naira Swap Policy Till Feb 22

The supreme court has adjourned the suit filed by governors to challenge the Naira redesign policy of the Central Bank of Nigeria (CBN) . The apex court, which heard the case on Wednesday, was filled to capacity with a retinue of Senior…

Business by Jennifer Wamuo February 10, 2023

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Council Of State Backs Naira Redesign, Seeks Quick Circulation

The Council of State meeting convened by President Muhammadu Buhari on Friday, at the Presidential Villa came to an end with most of the participants backing the Federal Government’s naira redesign policy. The meeting which had the Vice President, Prof. Yemi Osinbajo,…

Business by Jennifer Wamuo February 7, 2023

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IPMAN Denies Shutting Down Filling Stations

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has described as “fake” news doing the rounds that its over 30, 000 members would be shutting down their filling stations. The National Controller Operations, IPMAN, Mike Osatuyi, who later spoke on Tuesday said the…