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    Olam invests N54bn in Nigeria’s wheat, pasta industry

Olam invests N54bn in Nigeria’s wheat, pasta industry

Olam Nigeria has announced that its Singapore-based holding company, Olam International Limited, is investing N54 billion ($275 million) in Nigeria’s wheat milling and pasta manufacturing industry.The investment was for the acquisition of Amber Foods Limited, which through its 100 percent owned subsidiary, Quintessential Foods Nigeria Limited, owns the wheat milling and pasta manufacturing assets of the BUA Group in Nigeria.The BUA [...]

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November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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