Nigerian 'shakedown' jolts MTN and banks


MTN, Africa’s largest mobile operator, has found itself in the cross hairs in Nigeria’s volatile political and economic environment once again with the demand by the country’s central bank to return as much as $8.1bn (R119bn) in dividends.Looming elections and a shortage of foreign exchange in the continent’s largest economy have been singled out as reasons for the country’s scramble to seek the return of the funds as it grapples with a currency that has slumped more than 45% over the past th…

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