• Twitter unlikely to bend rules as losses reach N96b, says Teniola
• SMEs contributing 48% to GDP worst hit by ban – survey
While the country awaits the meeting between the Federal Government and the management team of Twitter to resolve the impasse between the two, findings have shown that the planned tax earnings from technology companies, especially Twitter might not really be pronounced.
This is because contrary to claims that there are about 40 million Twitter users, findings have shown that there are just 3.05 million potential audience that Twitter reports can be reached with adverts on the platform.
According to digital report 2021 by Hootsuite, a social media and marketing dashboard, Twitter’s potential advertising audience compared to the total population aged 13 plus in Nigeria is 2.4 per cent, while quarter-on-quarter change in Twitter’s advertising reach is 17.3 per cent.
MTN to boost stock market liquidity by N375bn The Punch
Published 6 July 2021
The move by the MTN Group to offer 14 per cent of its 78.8 per cent sshares in MTN Nigeria to Nigerians will boost its stock market liquidity by N375bn, analysis of data has shown.
The company recently said through its Group President and Chief Executive Officer, Ralph Mupita, that the group planned to sell14 per cent of MTN Nigeria to Nigerian investors.
Mupita had said, “MTN Nigeria, in which MTN Group has a 78.8 per cent stake, sought to have the largest retail shareholder base on the Nigerian Stock Exchange, where it has a market capitalisation of N3.4tn ($8.2bn).”
Press focuses on 146 ranking of Nigeria in Global Peace Index, others apanews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apanews.net Daily Mail and Mail on Sunday newspapers.
• Social media influencers, others count losses to tune of N25b in 10 days
As the suspension of Twitter gets into the second week, the Federal Government is yet to release conditions for the reversal of the indefinite suspension despite claiming to be in talks with the social media company.
While the Federal Government plans to enforce the licensing of over-the-top (OTT) players, it appears such a move is not a priority for players. The Guardian learnt at the weekend that the players, including Facebook, WhatsApp, Instagram, Snapchat, Koo and Twitter might snub the Federal Government’s move, as they preface OTT operators in the meantime.
Breaking News | Twitter, Facebook Undecided On FG s Licensing Order As Losses Rise thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.