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Nigeria Loses $243m in 51 Days after Twitter Ban

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The decision by President Muhammadu Buhari’s government to ban Twitter in Africa’s most populous country in June, has dealt a blow to its revenue ambitions, according to africanews.com

Nigeria Loses $243m in 51 Days after Twitter Ban

According to Netblocks Cost of Shutdown Tools, which uses the classic Free Digital App GDP impact technique, Nigeria has lost at least $243 million in the past 51 days since the Twitter shutdown.

Despite this, Twitter on Thursday posted stronger-than-expected earnings for the second quarter thanks to growing advertising demand across all geographic regions and types of ad products.

The San Francisco-based company earned $65.6 million, or 8 cents per share, in the April-June quarter. That’s up from a loss of $1.38 billion, or $1.75 per share, a year earlier.

In Nigeria, Twitter recorded $1.19 billion in revenue in Q2 2021, against the $683.4 million Twitter reported for the corresponding period of Q2 2020.

The United Nations, foreign capitals from Washington to London and rights groups have all condemned the ban as a threat to freedom of expression.

Nigeria’s broadcast regulator took a step further, ordering television and radio channels to suspend their Twitter accounts and stop using the social media giant for news, branding its use as “unpatriotic.”

Even using a VPN to access the platform would lead to investigation and possible suspension of broadcast licenses.

For a young channel like News Central, expanding but still fighting for its place in the market, the Twitter ban is a setback.

“We largely depend on the referrals we get from Twitter to attract to our YouTube Channel, and to our channel on the satellite StarTimes,” Oladayo Martins, head of the digital for News Central told AFP.

“The last report shows a drop of 40 percent of our viewers in the past five days. We are a pan-African channel, but driven mostly by the Nigerian youth.”

– Army of the young –

In Africa’s largest economy, three-quarters of the population of 200 million are younger than 24 — a generation that is also hyper-connected to social media.

Young activists turned to Twitter last year to organize the #EndSARS protests against police brutality that eventually grew into the largest demonstrations in Nigeria’s modern history before they were repressed.

For broadcasters, social media is more than an essential tool.

“We show our lives on Facebook, we show our lives on Instagram, but when we want to have a conversation or when we want to debate social issues, we use Twitter,” said Tolulope Adeleru-Balogun, the head of programming.

One of the chain’s flagship programmes, NC Trendz, discusses hot topics on the Web with its trends and hashtags to give a pulse of society.

“We used to talk about gender-based issues, in Uganda we followed the opponent Bobi Wine house arrest, we used it in South Africa also during the lockdown,” she said.

“It is an important barometer for us to understand and know what a big proportion of people say in their country. Africa is not a (single) country, but a lot of our problems, as young Africans, are similar. And Twitter brings the continent together.”

– Stability a priority

Buhari’s government has defended the decision, saying that Twitter had become a platform for activities threatening the country’s stability, particularly for an outlawed separatist group in the southeast.

Information Minister Lai Mohammed this week dismissed worries about freedom of expression saying Nigeria’s stability was a priority. He said social media companies would now have to register and license locally in Nigeria.

But rights groups question the legality of the decision. Nigeria parliament has not passed legislation regarding to the ministry’s move against Twitter.

One broadcaster has already decided to take the government to court.

“Criminalizing the use of Twitter is also excessive and unlawful, there’s no provision within our laws that support such draconian policies and practices,” Osai Ojigho, country director for Amnesty International in Abuja.

The ban has provoked some calls for protests online or on the street, but for the moment Nigerian broadcasters are following the ministry’s orders.

At Arise News, a private channel popular with Nigerian youth, social media remains an essential tool for growth.

The broadcaster’s YouTube channel grew from 40,000 subscribers last year to 145,000 this year. Arise’s Twitter account leaped from 39,000 subscribers in 2020 to more than 292,000 now.

In Arise’s offices in a glass office tower in Lagos’ chic Ikoyi district, journalists have disconnected the VPNs. But Arise tweets still flow from their offices in London and Washington.

“Fortunately, we still have a lot of engagement coming from the diaspora in the UK, in the US,… and a lot of young Nigerians use VPN,” said Agharim Irabor-Omoruyi, social media manager.

On Thursday morning, #AriseNews was the most shared trend for Nigerian web users, despite the ban.

On the same day, the channel got a visit from President Buhari, 78, for his first interview since the start of his second term two years ago.

Asked the question that everyone was waiting to know, when and if Twitter was going to be restored, the head of state smiled and replied that he was keeping the answer to himself.

 

 


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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