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Nigeria to Lose N2.18Bn Daily to Twitter Suspension – Report

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Nigeria will lose N2.18 billion per day for blocking the operations of Twitter, a micro-blogging and social networking platform, in the country, according to an estimation by NetBlocks.

Nigeria to Lose N2.18Bn Daily to Twitter Suspension – Report

NetBlocks, a data-driven online service, estimated the economic cost of internet disruptions on its cost of shutdown tool (COST) platform.

The platform, built on Brookings Institution and CIPESA methodologies, estimates the economic cost of internet shutdowns, mobile data blackouts, and social media restrictions using public economic indicators relating to the global digital economy.

On Friday, the federal government announced the “indefinite” suspension of Twitter over “the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence”.

On Saturday morning, network access to the Twitter platform and backend servers were blocked by MTN, Globacom, Airtel, 9mobile, and other networks — the development made Nigerians move to alternative means of accessing the micro-blogging site.

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Checks on the COST platform show that a single-day total internet shutdown will cost the country about N48.6 billion in economic value relating to the global digital economy.

According to the data, if Nigeria shuts down WhatsApp, Facebook, Instagram, YouTube and Twitter, it will lose N10.9 billion daily.

Although it is not yet sure the number of days the shutdown will take, the impact on businesses, tech communities, civil space, and government-to-citizen communication disruptions are enormous, according to experts.

Paradigm Initiative, in a statement, described the blockage of Twitter as an abuse of the rights of Nigerians, not just to freedom of expression but many other rights guaranteed in the 1999 Constitution (as amended), the African Charter on Human and People’s Rights, and the International Covenant on Civil and Political Rights.

“This suspension, which is a reaction of the Nigerian government to the company’s enforcement of its platform rules, is aimed at insulating the government from criticism, especially by Nigeria’s youth who are over 70% of the country’s population,” the digital rights group said.

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“It is evident that shutting down Twitter is illegal and illegitimate policies such as this are unacceptable.”

Meanwhile, the Buhari-led government has described the suspension as “temporary”.

A statement issued by Garba Shehu, presidential spokesman, noted that the suspension of Twitter is not just a response to the removal of the Buhari’s post, but to address the “litany of problems with the social media platform in Nigeria, where misinformation and fake news spread through it have had real-world violent consequences.”

The statement added that Twitter had escaped accountability for misinformation spread on the platform.

 

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Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.

According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.

Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.

He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.

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“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.

He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.

The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.

In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.

He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.

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NAICOM Issues New Licences to 43 Recapitalized Insurers

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The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.

According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.

Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.

He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.

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The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.

He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.

According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.

Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.

The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.

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Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.

Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.

Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.

The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.

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Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.

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