RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Nigeria Has Lost N247.61 Since Twitter Ban

Rate Captain by Rate Captain
September 13, 2021
in Business, News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

NGX Delays New Equity Pricing Rules as Investors Await Fresh Launch Date

Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

NGX Loses N1.17 Trillion as Profit-Taking Hits MTN Nigeria and First HoldCo

The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn.

The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by the President, Major-General Muhammadu Buhari (retd.).

Consequently, telcos on June 5 blocked access to Twitter after receiving a directive by the Nigerian Communications Commission.

On this, the Association of Licensed Telecommunications Operators of Nigeria had said, “We, The Association of Licensed Telecommunication Operators of Nigeria wish to confirm that our members have received formal instructions from the Nigerian Communications Commission, the industry regulator, to suspend access to Twitter.

“ALTON has conducted a robust assessment of the directive in accordance with internationally accepted principles.”

According to the NetBlocks Cost of Shutdown Tool, the blockade costs Nigeria’s economy N103.17m ($250,600) every hour.

It has been 2,400 hours since the FG banned Twitter.

The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn.

The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by the President, Major-General Muhammadu Buhari (retd.).

Consequently, telcos on June 5 blocked access to Twitter after receiving a directive by the Nigerian Communications Commission.

On this, the Association of Licensed Telecommunications Operators of Nigeria had said, “We, The Association of Licensed Telecommunication Operators of Nigeria wish to confirm that our members have received formal instructions from the Nigerian Communications Commission, the industry regulator, to suspend access to Twitter.

“ALTON has conducted a robust assessment of the directive in accordance with internationally accepted principles.”

According to the NetBlocks Cost of Shutdown Tool, the blockade costs Nigeria’s economy N103.17m ($250,600) every hour.

It has been 2,400 hours since the FG banned Twitter.

Previous Post

China Promises to Consolidate Electric Vehicle Industry

Next Post

Fidelity Bank Profit Increase By 72%

Related News

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Delays New Equity Pricing Rules as Investors Await Fresh Launch Date

by Jide Omodele
August 17, 2026
0

The Nigerian Exchange has postponed the introduction of its revised pricing methodology for equities trading, one day before the new...

Air Peace Chairman Raises Concern Over Delay in Accessing $14 Million Held by CBN

Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

by Victoria Attah
August 17, 2026
0

Two Nigerian airlines, Air Peace and United Nigeria, have reported combined losses exceeding N2 billion following the disruption of flight...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Loses N1.17 Trillion as Profit-Taking Hits MTN Nigeria and First HoldCo

by Jide Omodele
August 12, 2026
0

The Nigerian equities market reversed course on Tuesday, August 11, 2026, ending a four-session winning streak as investors locked in...

Nigerian Stock Market Witnesses N35 Billion Dip in Market Cap as Key Stocks Decline

NGX Closes Week Higher at 245,573 Points as Banking Stocks Rally

by Jide Omodele
August 10, 2026
0

The Nigerian equities market ended the week of Friday, 7 August 2026, in positive territory, supported by strong buying interest...

Next Post

Fidelity Bank Profit Increase By 72%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigerian Customs Deactivate Two Banks Over Failure to Remit Duties.

Apapa Customs Posts Record N28.10 Billion Daily Collection

August 20, 2026
Nigeria’s Public Debt Hits N46.25trn In Q4 2022 – NBS

Energy Inflation Falls to 4.37% in July, Lowest Level in Four Months

August 20, 2026

Popular Story

  • Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

    Food Inflation Climbs to 20.31% in July, Marking Fifth Straight Monthly Rise

    0 shares
    Share 0 Tweet 0
  • Inflation Rate Falls to 15.43% in July, NBS Reports

    0 shares
    Share 0 Tweet 0
  • CBN Reopens OMO Market to Retail Investors, Raising Pressure on Weak Equities

    0 shares
    Share 0 Tweet 0
  • NAFEM Turnover Climbs to $1.41 Billion, Highest Level in Five Weeks

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>