Fuel supplies slowly resumed in Nigeria on Tuesday after a strike by fuel marketers was called off, but long queues at petrol stations and interruptions to businesses persisted in Africa's biggest economy and oil producer. The dispute, which ended on Monday, brought much of Nigeria to a standstill as private generators that produce most of the electricity for the nation's 170 million inhabitants ran out of fuel, days before the inauguration of Muhammadu Buhari as the new president on May 29. Nigeria subsidizes gasoline and must import the bulk of the 40 million litres a day that it consumes owing to a neglected refining system.
Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp. The partners, who said on Tuesday the deal would mean better access to broadband Internet for many consumers, immediately faced questions about likely regulatory obstacles that helped sink Comcast's earlier bid for Time Warner Cable. The Federal Communications Commission was unusually quick to comment, saying it would closely review the deal's merits. "In applying the public interest test, an absence of harm is not sufficient." Charter, in which Liberty Broadband Corp owns about 26 percent, offered about $195.71 in cash and stock for each Time Warner Cable share, based on Charter's closing price on May 20.