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Nigeria's Twitter ban leaves some businesses in the lurch
  + stars: | 2021-06-14 | by ( ) sentiment -1.00   time to read: +2 min
Lagos based entreprenuer Ogechi Egemonu opens the Twitter app on a smart phone at her office in Lagos, Nigeria June 10, 2021. "Social media is where I eat," she told Reuters. "I depend on social media for my livelihood." Scores of small and medium-sized businesses across Africa's most populous nation - and largest economy - are reeling from the indefinite suspension of the social media site. Information Minister Lai Mohammed last week said that all social media sites must register a local entity and get a license to operate.
Persons: Egemonu, Seun Sanni, Ogechi Egemonu, Muhammadu Buhari, Muda Yusuf, Iyeke, Lai Mohammed Organizations: REUTERS, Seun, Reuters, Private Networks, Lagos Chamber of Commerce, Financial Derivatives Company, Thomson Locations: Lagos, Nigeria, Seun Sanni Lagos, Nigerian, Africa's
Nigeria's Twitter ban leaves businesses in the lurch
  + stars: | 2021-06-14 | by ( Story Reuters | ) sentiment -1.00   time to read: 1 min
Lagos, Nigeria Lagos-based entrepreneur Ogechi Egemonu was selling more than 500,000 naira ($1,219) worth of watches, shoes and handbags on Twitter per week. Now, with the site suspended by the Nigerian government, Egemonu does not know how she will cope. "Social media is where I eat," she told Reuters. "I depend on social media for my livelihood." Scores of small and medium-sized businesses across Africa's most populous nation -- and largest economy -- are reeling from the indefinite suspension of the social media site.
Persons: Ogechi Egemonu, Muhammadu Buhari Organizations: Reuters Locations: Lagos, Nigeria Lagos, Nigerian, Africa's, Nigeria
The restrictions in India and the ban in Nigeria are troublesome for Twitter. "You may see more calls for banning Twitter in India, if it continues to defy the government," Pahwa told CNN Business. In an interview with news agency AFP , the ministry said it would reinstate Twitter if it "registers as a company in Nigeria." The social media companyblasted the move as " intimidation tactics " and said that it was "concerned" about the safety its employees in the country. "Most social media majors spend the largest share of their operational bandwidth on developed markets.
Persons: Nikhil Pahwa, Pahwa, Donald Trump —, , Twitter's decision.Ghana, Buhari, Thecompany, Bharatiya Janata Partyas, andfor, Faisal Khan, Sharan, Stephanie Busari Organizations: CNN Business, Twitter, Facebook, REUTERS, Nigeria's Ministry of Information, AFP, Paradigm Initiative, Police, Bharatiya Janata, Anadolu Agency, Getty, Government of, Advisory Locations: Delhi, New Delhi, Nigeria, Africa's, India, China, Washington, Africa, Ghana, Abuja, Srinagar, Government of India, Lagos
Live Covid Live Updates: Africa May Not Meet Vaccination Goal, W.H.O. Dr. John Nkengasong, the director of the Africa C.D.C., welcomed the decision but said that he did not know when or how many vaccines Africa would receive. Then two passengers tested positive for the virus. In a statement, the cruise line said that the passengers tested positive during required testing before leaving the ship. In the days after the event, several attendees announced on Twitter that they had tested positive for the coronavirus.
Persons: Johnson, Themba, Matshidiso Moeti, Moeti, Covid, Biden’s, , Biden, John Nkengasong, ” Mr, Nkengasong, Jean Vallette, Maarten, Susan Lomax, Paige Rosenthal, Larry Cermak, John Riggins, Mr, Riggins, , Remy Tumin Organizations: Johnson, ., Press, Health, Africa Centers for Disease Control, Pfizer, African Union, Mastercard, Covid, The New York Times, Royal, St, New York Times, MSC Cruises, MSC Seaside, Centers for Disease Control, Twitter, BTC Media, , Las Vegas Convention Locations: Africa, Johannesburg, Comoros, Equatorial Guinea, Mauritius, Morocco, Sao Tome, Principe, Seychelles, Zimbabwe, Swaziland, Ghana, Kenya, Lesotho, Rwanda, Tunisia, Egypt, South Africa, Zambia, Uganda, Britain, India, Covax, Ethiopia, Nigeria, Burundi, Eritrea, Tanzania, Chad, Togo, African, France, U.S, Europe, St, Maarten, Caribbean, North America, Syracuse, Sicily, Fort Lauderdale, Fla, United States, Miami, Florida
Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. REUTERS/Jose CabezasEl Salvador may be touting bitcoin's use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services. But despite the possible long-term risk to their business if such moves escalate, only a few of the traditional remittance companies who send the bulk of cross-border transfers are dabbling. Yet bitcoin offers, in theory, a quick and cheap way to send money across borders without relying on traditional remittance channels. Increasing regulatory costs related to efforts to combat money laundering and terrorism financing are another burden for traditional remittance firms.
Persons: Jose Cabezas El, Nayib Bukele, Kenneth Suchoski, isn't, there's, bitcoin, MoneyGram, hadn't, Wise, Ray Youssef, Bitcoin, Suchoski Organizations: REUTERS, Wednesday, Western Union, Autonomous Research, MoneyGram, Coinme, Reuters, Ria, Bank, United Nations Sustainable Development, Thomson Locations: El, Chiltiupan, El Salvador, Jose Cabezas El Salvador, U.S, Western Union, Africa, Nigeria
Surging food import costs threaten world's poorest, FAO warns
  + stars: | 2021-06-10 | by ( Gus Trompiz | ) + 0.00   time to read: +3 min
The world's food import bill, including shipping costs, is projected to reach $1.715 trillion this year, up 12% from $1.530 trillion in 2020, the FAO said in its twice-yearly Food Outlook report on Thursday. Nations classed as Low-Income Food-Deficit Countries by the FAO are forecast to see food import costs jump 20% this year, with tourism-reliant economies in a particularly precarious position, the agency said. read moreThe FAO's monthly food price index hit a 10-year high in May, reflecting sharp rises for cereals, vegetable oils and sugar. read moreA separate index of food import costs, including freight costs that have also soared, reached a record in March this year, surpassing levels seen during previous food price spikes in 2006-2008 and 2010-2012, the FAO said. A strong volume increase for staple food imports last year had already driven up global import costs by 3%, to a record high.
Persons: Danish Siddiqui, Josef Schmidhuber, Schmidhuber Organizations: REUTERS, Danish, . Food Agency, Food and Agriculture Organization, FAO, Reuters, Food, Nations, International, Thomson Locations: Mumbai, India, Yemen, Nigeria, Argentina, Russia, China
Nigeria's Buhari tells youth to 'behave' if they want jobs
  + stars: | 2021-06-10 | by ( ) sentiment -1.00   time to read: +1 min
President Muhammadu Buhari told young Nigerians on Thursday that they must "behave" in order to attract jobs and investment. Buhari, speaking on Arise TV, said security was essential in order for investment in the country, where unemployment rose to 33.3% in the fourth quarter. So I told them, I said they should tell the youth that if they want jobs, they will behave themselves," Buhari said. Buhari has also faced criticism over rising violence in nearly every region of the nation. read moreParliament in April called on the presidency, armed forces and police to address the security crisis and some urged Buhari to declare a state of emergency.
Persons: Muhammadu Buhari, Buhari Organizations: Thomson Locations: Nigeria
The CEO of a fraud detection service told Axios that 50% of stimulus unemployment may have been stolen. This follows a report that found $39 billion in unemployment money was wasted, partly due to fraud. From direct stimulus payments to unemployment benefits, Americans have received a range of different forms of financial aid during the pandemic. This is not the first reported instance of stimulus money ending up in the wrong hands. But as a growing number of GOP-led states are ending unemployment benefits early to encourage people to get back to work, any further extension of unemployment benefits looks unlikely.
Persons: Axios, Blake Hall, Haywood Talcove, Talcove, Joe Biden Organizations: LexisNexis, Solutions, Government Locations: America, Chin, Nigeria, South Florida, Mexico
U.S. calls on Nigeria to end Twitter suspension
  + stars: | 2021-06-10 | by ( ) sentiment -0.99   time to read: +1 min
REUTERS/Afolabi SotundeThe United States on Thursday condemned the Nigerian government for suspending Twitter and targeting individuals who use the social media site, including Nigerian broadcasters, and called for the African nation to reverse its decision. Price noted that the Nigerian National Broadcasting Commission had ordered all television and radio broadcasters to stop using Twitter, also calling it a concern. Nigerian indefinitely suspended Twitter last week after the social media giant removed a post from President Muhammadu Buhari that threatened to punish regional secessionists - an announcement the government posted on Twitter. read moreTelecommunications firms there then blocked access to the platform, and on Wednesday the Nigerian government said social media firms must obtain a license to operate in the country. The company, along with human rights groups such as Amnesty International, also called the suspension deeply concerning.
Persons: Ned Price, Price, Muhammadu Buhari Organizations: REUTERS, Twitter, U.S . State Department, Nigerian National Broadcasting Commission, Amnesty, Thomson Locations: Abuja, Nigeria, United States, U.S
Trump made the statement after Nigeria banned Twitter, which deleted a tweet from its president. "Congratulations to the country of Nigeria, who just banned Twitter because they banned their President," Trump said. Trump then said he should have banned the two major social platforms when he was president, but said he didn't because of CEO Mark Zuckerberg. "Zuckerberg kept calling me and coming to the White House for dinner telling me how great I was," Trump said in the statement. In late 2019, news surfaced that Zuckerberg met with Trump and Facebook board member and Trump supporter Peter Thiel in a secret dinner in October.
Persons: Trump, , Donald Trump, Muhammadu Buhari, secessionists, Mark Zuckerberg, Zuckerberg, Peter Thiel, Gayle King Organizations: Twitter, Facebook, Reuters, White House, Trump, CBS Locations: Nigeria
Nigeria demands social media firms get local licence
  + stars: | 2021-06-09 | by ( ) sentiment -1.00   time to read: +1 min
Social media firms wanting to operate in Nigeria must register a local entity and be licensed, the country's information minister said on Wednesday, the government's latest move since it banned Twitter (TWTR.N) last week. "We are insisting that for you to operate in Nigeria you must first be a Nigerian company and be licensed by the broadcasting commission," said Lai Mohammed, Nigeria's information minister, of social media companies. Mohammed did not give a deadline for registration and licensing, but said some firms were given notice, without naming the affected companies. "Twitter has consistently made its platform available to those who are threatening Nigeria’s corporate existence," said Mohammed, naming a separatist leader and anti-police brutality protesters. The minister said Facebook (FB.O) and its subsidiaries Instagram and WhatsApp had not been suspended, but did not say whether they would need to register and get a licence.
Persons: Lai Mohammed, Mohammed, Muhammadu Buhari, secessionists, WhatsApp Organizations: Twitter, Facebook, Thomson Locations: Nigeria, Nigerian
LAGOS, Nigeria — On all sides, Nigeria is buffeted by crisis. Civil society groups and prominent public figures have called on Mr. Buhari to resign. Despite the spiraling security crisis, Mr. Buhari has been largely insulated from political backlash. For the country — bearing the legacies of civil war, communal violence and military dictatorship — that could be calamitous. In the absence of a viable political alternative, the violent division in Nigeria could spill over into disaster, with damaging consequences for both the region and the African continent.
Persons: , Muhammadu Buhari, Buhari Organizations: Progressives Congress Locations: LAGOS, Nigeria
Nigeria announced Friday it would ban Twitter, threatening anyone who used it with prosecution. And there was no better place than Twitter to find people, especially young Nigerians. But three hours after that tweet, the ban was implemented and both the Twitter URL and app were blocked by Nigerian telecoms companies. The ban means no access to those people who are so essential to my work. I hope this is only temporary, and Twitter, which called the ban "deeply concerning", will be restored.
Persons: Zainab Onuh, Yahaya, Twitter, , didn't, It's, we've Organizations: Twitter, Kogi State University, Authorities, Nigerian Locations: Nigeria, Abuja, Gaya
Repressive governments like Iran and China already censor Twitter and other social media sites. "Congratulations to the country of Nigeria, who just banned Twitter because they banned their President. Perhaps I should have done it while I was President," Trump added. Repressive governments around the world already ban social media platforms like Twitter, including Iran, North Korea, and China. Last Friday, the social media giant said his suspension would last for at least another two years.
Persons: Trump, Donald Trump, Zuckerberg, Muhammadu Buhari Organizations: Twitter, Tuesday, Facebook, White House, Capitol Locations: Nigeria, Iran, China, North Korea
(Adds details on FX liquidity) By Chijioke Ohuocha ABUJA, June 7 (Reuters) - Nigeria's naira slid past 500 per dollar on the black market on Monday to a more than 3-1/2-year low, two weeks after the country devalued its official exchange rate. Trading volumes fell 14.49% last week to $1.07 billion across the currency markets, data from exchange regulator FMDQ Securities Exchange showed on Monday, citing a decrease in spot market turnover. The central bank in May abandoned its official rate of 380 naira, which it had held since July last year, in an attempt to unify its numerous exchange rates. The naira traded at 412 to the dollar on the spot market on Monday and hit 502 naira on the black market as dollar liquidity declined across the currency markets. Below is a table showing the weekly volumes traded between banks as at June 4, 2021, from the previous week, on Nigeria's foreign exchange market: Week-ended: June 4, 2021 May 28, 2021 ($ mln) Futures 303.40 190.35 Forwards 89.51 161.20 Spot 676.80 899.42 Total 1,069.71 1,250.97 Source: FMDQ Securities Exchange (Reporting by Chijioke Ohuocha; Editing by Toby Chopra, Kirsten Donovan)
Persons: naira, Chijioke Ohuocha, Toby Chopra, Kirsten Donovan Organizations: FMDQ Securities, FMDQ Securities Exchange Locations: Ohuocha ABUJA
Nigeria naira slides past 500/dlr on black market, volumes drop on FX market
  + stars: | 2021-06-07 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
ABUJA, June 7 (Reuters) - Nigeria naira slid pass 500 per dollar on the black market on Monday to fall to a more than 3-1/2-year low, two weeks after the country devalued its official rate to the dollar to adopt a weaker spot rate. Meanwhile, trading volumes fell 14.49% last week to $1.07 billion across the currency markets, data from the exchange regulator, FMDQ Securities Exchange showed on Monday. (Reporting by Chijioke Ohuocha; Editing by Toby Chopra)
Persons: Nigeria naira, Chijioke Ohuocha, Toby Chopra Organizations: FMDQ Securities Locations: ABUJA, Nigeria
OPEC chief, in upbeat oil outlook, sees oil stocks falling further
  + stars: | 2021-06-07 | by ( ) sentiment -0.83   time to read: +2 min
Oil stocks in developed world nations fell by 6.9 million barrels in April, Mohammad Barkindo said in a virtual appearance at the Nigeria International Petroleum Summit, 160 million barrels lower than the same time one year ago, making the figure public for the first time. The Organization of the Petroleum Exporting Countries and allies - known as OPEC+ - decided in April to return 2.1 million barrels per day (bpd) to the market from May through July. The producers stuck to that decision at a meeting last week, sparking a rise in oil prices. While he noted that vaccine rollouts and the "massive fiscal stimulus" aided an upbeat outlook, he said uneven global vaccine availability, high inflation and continued COVID-19 outbreaks were continued risks to oil demand. During a later panel discussion at the conference, he added that while OPEC did not deny climate change, the global economy still needs oil.
Persons: Mohammad Barkindo, Barkindo Organizations: Nigeria International Petroleum Summit, of, Petroleum, OPEC, Thomson Locations: Nigeria, OPEC
Nigeria orders broadcasters not to use Twitter to gather information
  + stars: | 2021-06-07 | by ( ) sentiment -1.00   time to read: +2 min
Nigerian telecoms firms have since blocked access to Twitter. read moreInternational diplomats responded with a joint statement in support of "free expression and access to information as a pillar of democracy in Nigeria". The National Broadcasting Commission, in a statement dated June 6, told broadcasters to "suspend the patronage of Twitter immediately". "Broadcasting stations are hereby advised to de-install Twitter handles and desist from using Twitter as a source of information gathering," it said in the statement, adding that "strict compliance is enjoined". Nigeria's information minister on Friday said the ban would be "indefinite" but, in a statement late on Sunday, referred to it as a "temporary suspension".
Persons: Afolabi, Muhammadu Buhari, secessionists, Buhari, Twitter Organizations: REUTERS, Twitter, National Broadcasting Commission, " Broadcasting, European Union, Thomson Locations: Abuja, Nigeria, Africa's, United States, Britain, Canada, Ireland
MIAMI – Crypto lingo and booze flowed freely as thousands of bitcoin enthusiasts descended on South Florida this weekend. At Bitcoin 2021, billed as the biggest bitcoin event in history, legions of faithful fans braved 90-degree days to talk all things crypto. Picture conference merch like neon-colored fanny packs, Bitcoin 2021 branded sunglasses, and t-shirts with crypto puns and hashtags. If it needed more help than Square and Twitter, I would leave them for bitcoin," said Dorsey. As one panel MC put it, "We are going to put the Fed out of business," which speaks to how people at Bitcoin 2021 generally regarded the monetary system and fiat money, with bitcoin seen as the solution.
Persons: MIAMI –, bitcoin, fanny, I've, Nic Carter, didn't, Mati Greenspan, Mayor Francis Suarez, – Suarez, Greenspan, Carter, Dorsey, I'd, Cameron Winklevoss, Tyler Winklevoss, Joe Raedle, Iran –, Jack Dorsey, Alex Gladstein, It's, Elon Organizations: MIAMI, Castle, Ventures, CNBC, Quantum Economics, Mayor, Twitter, Federal, Gemini, Mana Convention, Lightning, Human Rights Foundation Locations: South Florida, Miami, Israel, bitcoin, Texas, Florida, New York, San Francisco, Boston, Wynwood, Miami , Florida, Venezuela, Cuba, Turkey, Nigeria, Lebanon, Iran
Fake Covid-19 Vaccines Pose New Threat in Africa
  + stars: | 2021-06-06 | by ( Alexandra Wexler | ) sentiment -1.00   time to read: +1 min
JOHANNESBURG—On a morning last November, officers from customs and an organized crime unit, backed by two K9 units, raided a small warehouse in an industrial park and seized an alarming new contraband: fake Covid-19 vaccines. Inside, authorities found around 2,400 doses of illicit vaccine in 400 ampuls hidden in plastic containers in a refrigerator, according to police officials. Both units were leased by a Zambian national who was arrested on-site, along with a Chinese national. The Germiston, South Africa, bust was to date Africa’s biggest public seizure of fake coronavirus vaccinations. It isn’t clear what was in the shots seized in South Africa.
Organizations: Zambian, Pfizer Inc, BioNTech, Nigeria’s National Agency for Food and Drug Administration, Control, ” Shots Locations: JOHANNESBURG, South Africa, Africa, Mexico, Poland
Attackers kill 88 people in northwest Nigeria
  + stars: | 2021-06-06 | by ( ) sentiment -0.99   time to read: +1 min
Attackers killed 88 people in Nigeria's Kebbi state on Thursday, spurring its governor to pledge a bigger deployment of security forces on Sunday as insecurity spreads largely unchecked through the country's northwest. Perpetrators swept through eight villages, killing people and sending residents fleeing, police said, giving a death toll of 88. A spokesperson for Kebbi Governor Abubakar Bagudu said on Sunday the attackers had come from neighbouring Niger and Zamfara states, rustling cattle and destroying crops. Gunmen have ramped up attacks on the region's communities in recent years, forcing thousands to flee across Nigeria's northern border to Niger. The attackers have become globally notorious because of mass kidnappings at schools, with more than 800 students abducted since December.
Persons: Abubakar Bagudu Organizations: Attackers, Sunday, Thomson Locations: Nigeria's Kebbi, Niger, Nigeria's
Nigerian megachurch preacher dies after church program
  + stars: | 2021-06-06 | by ( Nimi Princewill | ) sentiment -0.99   time to read: +1 min
Abuja, Nigeria (CNN) A prominent Nigerian televangelist has died hours after presiding over a program at his Lagos-based megachurch on Saturday. Prophet T.B. Joshua, the founder of The Synagogue Church of All Nations (SCOAN), passed away one week before his 58th birthday, his church said in a statement Sunday. "On Saturday 5th June 2021, Prophet TB Joshua spoke during the Emmanuel TV Partners Meeting: "Time for everything -- time to come here for prayer and time to return home after the service," T.B. "God has taken His servant Prophet TB Joshua home -- as it should be by divine will.
Persons: Prophet T.B, Joshua, Prophet TB Joshua, T.B, Joshua Ministries, SCOAN Organizations: CNN, Synagogue, All Nations, Emmanuel TV Partners Locations: Abuja, Nigeria, Lagos
Nigeria says it suspends Twitter days after president's post was removed
  + stars: | 2021-06-05 | by ( ) sentiment -1.00   time to read: +2 min
Nigeria said on Friday it had indefinitely suspended Twitter's activities, two days after the social media giant removed a post from President Muhammadu Buhari that threatened to punish regional secessionists. Mohammed did not spell out what form the suspension would take or give more details on the undermining activities. His ministry also announced Twitter's suspension on Twitter. Demonstrators calling for police reform had used social media to organize, raise money and share alleged proof of police harassment. In the protests' wake, Mohammed called for "some form of regulation" on social media to combat "fake news."
Persons: Muhammadu Buhari, Lai Mohammed, Mohammed, Jack Dorsey Organizations: ., Reuters, Twitter, Airtel, MTN Locations: Nigeria, Lagos, Abuja, Nigerian, U.S, Ghana
Nigerian telecoms firms suspend Twitter access
  + stars: | 2021-06-05 | by ( Chijioke Ohuocha | ) sentiment -0.97   time to read: +1 min
The Twitter logo is displayed on a screen. REUTERS/Brendan McDermidNigerian telecoms firms have shut down access to Twitter after a regulatory directive, an industry body said on Saturday, a day after the government said it would suspend the U.S. social media giant indefinitely. "We, the Association of Licensed Telecommunication Operators of Nigeria (ALTON) wish to confirm that our members have received formal instructions from the Nigerian Communications Commission (NCC) to suspend access to Twitter," it said. ALTON said telecoms companies have complied with NCC's directive, based on national interest. “As an industry, we endorse the position of the United Nations that the rights held by people offline must also be protected online,” ALTON said.
Persons: Brendan McDermid, Muhammadu Buhari, ALTON, ” ALTON Organizations: Twitter, Association of Licensed Telecommunication Operators, Nigerian Communications Commission, United Nations, Thomson Locations: Nigeria, West, ALTON
Nigerian telecoms firms suspend access to Twitter
  + stars: | 2021-06-05 | by ( Chijioke Ohuocha | ) sentiment -0.99   time to read: +2 min
REUTERS/Brendan McDermidNigerian telecoms firms blocked access to Twitter on Saturday following a regulatory directive aimed at suspending the U.S. social media giant indefinitely, a move criticised by rights campaigners and diplomats as a gag on free speech. read moreThe country's main telecoms industry body, the Association of Licensed Telecommunication Operators of Nigeria (ALTON), confirmed the suspension. "Based on national interest provisions ... our members have acted in compliance with the directives of the Nigerian Communications Commission," ALTON said. Twitter, which could not immediately be reached to comment on Saturday, said a day earlier it was investigating its "deeply concerning" suspension by the Nigerian government. Buhari's government, which runs Africa's largest economy, last year proposed legislation to regulate social media following protests against alleged police brutality which were galvanized by a campaign on Twitter.
Persons: Brendan McDermid, Muhammadu Buhari, ALTON, Lai Mohammed, Buhari, Gill Atkinson Organizations: Twitter, Association of Licensed Telecommunication Operators, Nigerian Communications Commission, Amnesty International, British, Thomson Locations: West, Nigeria, ALTON, Nigerian
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