• MTN suspends Nigeria dividend payout

    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 with Vodacom and Cell Companies.

    The telecoms company announced this in Johannesburg on Monday, as the firm faces allegations it illegally moved 14 billion dollars out of Nigeria.

    MTN Group’s next chief executive […]