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MTN suspends Nigeria dividend payout

MTN says it had suspended dividends payouts from Nigeria, where it runs the biggest wireless phone network and which generates a third of its annual sales. The company reported a slight fall in third-quarter user numbers due to a weaker showing in South Africa, where it vies for market share …

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Black market thrives as petroleum marketers’ strike enters Day 2

For two days running, all filling stations in Nnewi and other parts of Anambra State remain closed as independent petroleum marketers protest, thereby making black market operators’ business to experience an unprecedented boom. An unconfirmed source claimed that the petroleum marketers were protesting incessant harassment of petroleum products tanker drivers …

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