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

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

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

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

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

by Victoria Attah
September 8, 2026
0

Nigeria’s merchandise trade surplus more than doubled to N12.60 trillion in the second quarter of 2026, driven by stronger exports...

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...

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

DMO offers two FGN savings bonds at N1000 per unit.

FG Offers N1 Trillion Bonds in September Auction with N50 Million Minimum

September 10, 2026
NMDPRA inaugurates oil and gas industry service permit portal.

Oil Prices Climb Above $100 as US-Iran Hostilities Escalate

September 10, 2026

Popular Story

  • Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

    Naira Weakens at Official Market After Two-Day Advance

    0 shares
    Share 0 Tweet 0
  • FG Offers N1 Trillion Bonds in September Auction with N50 Million Minimum

    0 shares
    Share 0 Tweet 0
  • Oil Prices Climb Above $100 as US-Iran Hostilities Escalate

    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
  • Naira Gains Ground Against US Dollar on Parallel Market

    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}
?>