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Most firms in Nigeria seeking to utilise and remit US dollars overseas are finding it extremely difficult to purchase FOREIGN EXCHANGE due to the shortage of supply of the greenback in the economy, THISDAY has learnt. According to findings, some firms now resort to the black market for dollar purchases. …
Read More »Kraft shares soar on Heinz merger
US food giant Heinz is to merge with Kraft Foods Group, creating what the companies say will be the third-largest food and beverage company in the US. Shares in Kraft jumped more than 40% on the news. The deal was engineered by Heinz’s owners, the Brazilian investment firm 3G Capital, and …
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