• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Twitter Confirms It Has Registered In Nigeria

Nigerian Businesses Lost N10trn To Twitter Suspension – LCCI

6 months ago
Congolese Community Joins Pope For Mass At Vatican

Congolese Community Joins Pope For Mass At Vatican

6 hours ago
Our Twitter, YouTube Accounts Compromised — British Army

Our Twitter, YouTube Accounts Compromised — British Army

7 hours ago
Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

11 hours ago
NCDMB
ADVERTISEMENT
Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

12 hours ago
Egypt Orders Closure Of Red Sea Beaches As Australian Woman Dies In Shark Attack

Egypt Orders Closure Of Red Sea Beaches As Australian Woman Dies In Shark Attack

12 hours ago
NCDMB, IOCs Partner To Develop Oil, Gas Parks

NCDMB, IOCs Partner To Develop Oil And Gas Parks

12 hours ago
Ronaldo To Force Man United Exit Over Champions League Football

Ronaldo To Force Man United Exit Over Champions League Football

15 hours ago
Mikel Snubs Mourinho, Reveals His Best Chelsea Manager Ever

Mikel Snubs Mourinho, Reveals His Best Chelsea Manager Ever

16 hours ago
AWCON Hosts Morocco Off To Winning Start Against Burkina Faso

AWCON Hosts Morocco Off To Winning Start Against Burkina Faso

17 hours ago
UFC: Adesanya Defeats Cannonier To Retain Middleweight Title

UFC: Adesanya Defeats Cannonier To Retain Middleweight Title

18 hours ago
Nigeria: Police Rescue 77 Worshippers Waiting For Rapture In Ondo Church

Nigeria: Police Rescue 77 Worshippers Waiting For Rapture In Ondo Church

21 hours ago
Democracy Day: Leaders Must Be Servants – Diri

US Visit: Bayelsa, New Jersey To Collaborate On Investment Opportunities

1 day ago
Libyan Protesters Storm, Set Fire To Parliament Building In Tobruk

Libyan Protesters Storm, Set Fire To Parliament Building In Tobruk

1 day ago
Former Apple CEO Steve Jobs, gymnast Simone Biles and actor Denzel Washington are among this year’s Presidential Medal of Freedom recipients.

Biles, Denzel Washington, Steve Jobs Among Winners Of Top US Honor

1 day ago
Nigeria: Former President Obasanjo Rides ‘Keke’ To Mark 85th Birthday

Nigeria: Former President Obasanjo Rides ‘Keke’ To Mark 85th Birthday

1 day ago
Migration Is A Catalyst For Development – Dabiri-Erewa

Migration Is A Catalyst For Development – Dabiri-Erewa

1 day ago
Gov. Diri Hails Victorious State Basketball Teams

Gov. Diri Hails Victorious State Basketball Teams

1 day ago
Burundi Celebrates 60 Years Of Independence

Burundi Celebrates 60 Years Of Independence

2 days ago
Pope Francis country, Argentina legalizes abortion

Again, Pope Postpones Trip To Africa, Apologises To DRC, South Sudan

2 days ago
9 Health Benefits Of Garden Egg

9 Health Benefits Of Garden Egg

2 days ago
ADVERTISEMENT
Monday, July 4, 2022
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact
The Heritage Times
No Result
View All Result
Translate | EN FR
  • Login
  • Politics
    Nigeria: Seven Things You Should Know As Voter Registration Continues

    Nigeria: Seven Things You Should Know As Voter Registration Continues

    Tunisia Draft Constitution Widens President's Powers

    Tunisia Draft Constitution Widens President’s Powers

    Israeli Parliament Dissolves Itself, Sets November 1 Election

    Israeli Parliament Dissolves Itself, Sets November 1 Election

    Sudan's Military Cuts Off Internet Ahead Of Protests

    Sudan’s Military Cuts Off Internet Ahead Of Protests

    Nigerian Deputy Senate President Picks 42-Year-Old Osanebi As Running Mate For Delta State Guber Election

    Nigerian Deputy Senate President Picks 42-Year-Old Osanebi As Running Mate For Delta State Guber Election

    Insecurity: Drop Your Pride, Seek Foreign Help! - Ekweremadu Tells FG

    Alleged Organ Harvesting: Nigeria’s Senate Dispatches Delegates To UK

    Use Your Talent To Improve National Unity - Jonathan Urges Young Nigerians

    Nigeria: Why I Didn’t Implement Report Of 2014 National Conference – Ex-President Jonathan

    JUST IN: Justice Ariwoola Sworn In As Acting Chief Justice Of Nigeria

    JUST IN: Justice Ariwoola Sworn In As Acting Chief Justice Of Nigeria

    Obasanjo Blames Leadership for Education Inequalities

    Nigeria: Picking A Vice President In 1999 Was A Big Mistake – Ex-President Obasanjo

  • Economy
    Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

    Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

    NCDMB, IOCs Partner To Develop Oil, Gas Parks

    NCDMB, IOCs Partner To Develop Oil And Gas Parks

    Libyan Protesters Storm, Set Fire To Parliament Building In Tobruk

    Libyan Protesters Storm, Set Fire To Parliament Building In Tobruk

    Sierra Leone: President Bio Reiterates Commitment To Cushion Impact Of Fuel Importation

    Sierra Leone: President Bio Reiterates Commitment To Cushion Impact Of Fuel Importation

    Duport Modular Refinery To Commence Operation In July - NCDMB Boss

    Duport Modular Refinery To Commence Operation In July – NCDMB Boss

    World Bank Advocates Debt Relief For Countries Owing Over $8.7trn

    Nigeria Risks Financial ‘Blockade’, Frosty Relations With Funders

    Zimbabwe: Investors Excited As Government Set To Introduce Gold Coins

    Zimbabwe: Investors Excited As Government Set To Introduce Gold Coins

    Dozens arrested in Ghana's cost of living protest

    Dozens Arrested In Ghana’s Cost Of Living Protest

    Why Price Of Cooking Gas Increased Across Nigeria – Marketers

    Why Price Of Cooking Gas Increased Across Nigeria – Marketers

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Nigeria: Seven Things You Should Know As Voter Registration Continues

    Nigeria: Seven Things You Should Know As Voter Registration Continues

    Tunisia Draft Constitution Widens President's Powers

    Tunisia Draft Constitution Widens President’s Powers

    Israeli Parliament Dissolves Itself, Sets November 1 Election

    Israeli Parliament Dissolves Itself, Sets November 1 Election

    Sudan's Military Cuts Off Internet Ahead Of Protests

    Sudan’s Military Cuts Off Internet Ahead Of Protests

    Nigerian Deputy Senate President Picks 42-Year-Old Osanebi As Running Mate For Delta State Guber Election

    Nigerian Deputy Senate President Picks 42-Year-Old Osanebi As Running Mate For Delta State Guber Election

    Insecurity: Drop Your Pride, Seek Foreign Help! - Ekweremadu Tells FG

    Alleged Organ Harvesting: Nigeria’s Senate Dispatches Delegates To UK

    Use Your Talent To Improve National Unity - Jonathan Urges Young Nigerians

    Nigeria: Why I Didn’t Implement Report Of 2014 National Conference – Ex-President Jonathan

    JUST IN: Justice Ariwoola Sworn In As Acting Chief Justice Of Nigeria

    JUST IN: Justice Ariwoola Sworn In As Acting Chief Justice Of Nigeria

    Obasanjo Blames Leadership for Education Inequalities

    Nigeria: Picking A Vice President In 1999 Was A Big Mistake – Ex-President Obasanjo

  • Economy
    Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

    Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

    NCDMB, IOCs Partner To Develop Oil, Gas Parks

    NCDMB, IOCs Partner To Develop Oil And Gas Parks

    Libyan Protesters Storm, Set Fire To Parliament Building In Tobruk

    Libyan Protesters Storm, Set Fire To Parliament Building In Tobruk

    Sierra Leone: President Bio Reiterates Commitment To Cushion Impact Of Fuel Importation

    Sierra Leone: President Bio Reiterates Commitment To Cushion Impact Of Fuel Importation

    Duport Modular Refinery To Commence Operation In July - NCDMB Boss

    Duport Modular Refinery To Commence Operation In July – NCDMB Boss

    World Bank Advocates Debt Relief For Countries Owing Over $8.7trn

    Nigeria Risks Financial ‘Blockade’, Frosty Relations With Funders

    Zimbabwe: Investors Excited As Government Set To Introduce Gold Coins

    Zimbabwe: Investors Excited As Government Set To Introduce Gold Coins

    Dozens arrested in Ghana's cost of living protest

    Dozens Arrested In Ghana’s Cost Of Living Protest

    Why Price Of Cooking Gas Increased Across Nigeria – Marketers

    Why Price Of Cooking Gas Increased Across Nigeria – Marketers

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
Morning News
ADVERTISEMENT
Home Economy

Nigerian Businesses Lost N10trn To Twitter Suspension – LCCI

The ban which lasted for 222 days, approximately seven months, has been calculated to have resulted in a colossal economic loss of N10.72 trillion ($26.1billion).

January 15, 2022
in Economy, Technology and Science, Top Stories
0
Twitter Confirms It Has Registered In Nigeria
21
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

By John Ikani

The Lagos Chamber of Commerce & Industry (LCCI) has revealed that Nigerian businesses lost a whopping N10.72 trillion ($26.1billion) between June 5, 2021 to January 13, 2022, during the seven-month shutdown of Twitter operations in Nigeria.

Relatedreading

Our Twitter, YouTube Accounts Compromised — British Army

Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

The group made this known in a statement commending the Federal Government for lifting the ban placed on Twitter operations in the country.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

According to the statement signed by Director-General of LCCI, Dr. Chinyere Almona, “in business terms, the cost of the seven-month shutdown of Twitter operations in Nigeria is estimated to be N10.72 trillion ($26.1billion) between June 5, 2021 to 13th January 2022, according to Netblock’s Cost of Shutdown Tool.

It went on to note that “Digital platforms have become a viable tool for business operations and governance in engaging with diversified audiences and boosting digital transactions.”

The Director-General urged the government to create an enabling regulatory environment that supports global technology companies in achieving their potentials and are sustainably profitable, saying, “when this happens, Nigeria’s Gross Domestic Product (GDP) and revenue mobilisation will receive a boost through tax revenues from these companies.

“Currently, the ICT sector is one of the growth drivers in the economy and we see additional activities of the digital platforms as adding more potentials to this sector.”

She also commended the efforts of the federal ministers, agencies, and committees that have pulled the negotiations and gotten approval for the lifting of the suspension, requesting that all relevant institutions work towards enhancing digital infrastructure to adequately and sustainably support innovation in almost all sectors of the economy, especially, healthcare delivery, agric-technology, learning, e-governance, and fintech.

In case you missed it

Nigeria suspended Twitter in June 2021, days after the platform deleted a remark from Buhari’s account, provoking outcry over freedom of expression in Africa’s most populous country.

Nigerian officials defended the suspension, saying Twitter was used to promote fake news and for destabilising activities, especially by separatists in the southeast region of the country.

While the suspension lasted, Buhari’s Government and Twitter have been in talks over a list of conditions for ending the suspension, including discussions on taxes, content, and registering locally in Nigeria.

The suspension was eventually lifted on Thursday the 13th of January, with the the Federal Government noting that that Twitter had agreed to meet all the conditions proposed for lifting the suspension.

Tags: Chinyere AlmonaLagos Chamber of Commerce & Industry (LCCI)Twitter
ShareTweetSendShare
ADVERTISEMENT
Previous Post

Kanuri Origins of the Tinubu Family in Lagos

Next Post

Benin Republic Pardons 499 Prisoners, Hold On To Opposition Figures

Related Posts

Our Twitter, YouTube Accounts Compromised — British Army

Our Twitter, YouTube Accounts Compromised — British Army

July 3, 2022
Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

July 3, 2022

Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

Egypt Orders Closure Of Red Sea Beaches As Australian Woman Dies In Shark Attack

NCDMB, IOCs Partner To Develop Oil And Gas Parks

Nigeria: Police Rescue 77 Worshippers Waiting For Rapture In Ondo Church

Next Post
Benin Republic Pardons 499 Prisoners, Hold On To Opposition Figures

Benin Republic Pardons 499 Prisoners, Hold On To Opposition Figures

Discussion about this post

Heritage Bank

Updates

  • Trending
  • Comments
  • Latest
Elon Musk’s Child Files To Change Gender, Name And End Relationship With Father

Elon Musk’s Child Files To Change Gender, Name And End Relationship With Father

June 21, 2022
Nigeria: Explosives Planted By Boko Haram Kill 6 Terrorists In Borno

Nigeria: Boko Haram Kills 17 Officers, Abducts 4 Chinese Expatriates In Attempt To Seize Shiroro Power Station

June 30, 2022
You Are The Best In Africa – Eto’o Charges Cameroon Women Team Ahead Of WAFCON

You Are The Best In Africa – Eto’o Charges Cameroon Women Team Ahead Of WAFCON

June 27, 2022
‘I Have Been Dead Inside For Too Long’ – Young Photographer Writes In Emotional Suicide Note

‘I Have Been Dead Inside For Too Long’ – Young Photographer Writes In Emotional Suicide Note

June 24, 2022
Congolese Community Joins Pope For Mass At Vatican

Congolese Community Joins Pope For Mass At Vatican

July 3, 2022
Our Twitter, YouTube Accounts Compromised — British Army

Our Twitter, YouTube Accounts Compromised — British Army

July 3, 2022
Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

July 3, 2022
Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

July 3, 2022
NCDMB

Most Recent

Congolese Community Joins Pope For Mass At Vatican

July 3, 2022

Our Twitter, YouTube Accounts Compromised — British Army

July 3, 2022

Security Concerns, Restoration Of Civil Rule In Libya, Others Dominate Discourse As ECOWAS Leaders Meet In Ghana

July 3, 2022

Algeria Hikes Price Of Gas Exports Amid More Demand From Europe

July 3, 2022

Egypt Orders Closure Of Red Sea Beaches As Australian Woman Dies In Shark Attack

July 3, 2022

NCDMB, IOCs Partner To Develop Oil And Gas Parks

July 3, 2022

Ronaldo To Force Man United Exit Over Champions League Football

July 3, 2022

Mikel Snubs Mourinho, Reveals His Best Chelsea Manager Ever

July 3, 2022
HOUSE FORTY THREE RESTAURANT
MOSILO GROUP
ADVERTISEMENT

About

The Heritage Times was established to advance transparency and accountability in leadership and governance. Our vision is to become Africa's foremost provider of quality news and contents. We seek to lead a news media revolution that will foster a sustainable democratic Africa.

Featured

Nigeria: Seven Things You Should Know As Voter Registration Continues

#ReformIELTSPolicy: UK Envoy’s Statement Justifies Advocacy For Nigeria’s IELTS Exemption, Says Group

Robert Azibaola: Saving Bayelsa’s Rainforests

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

    • About
    • Privacy Policy

    © 2022 The Heritage Times Media.

    No Result
    View All Result
    • Welcome
    • Politics
    • Economy
    • Security
    • Exposé
    • Education
    • Sports
    • Health
    • Entertainment
    • Legal
    • Technology and Science
    • Opinion
    • Columns
    • World
    • __________________
    • Photo Speaks
    • Videos
    • You-Report
    • Whistleblower
    • Advertise
    • HT Events
    • About HT
    • Contact us

    © 2022 The Heritage Times Media.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In