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Here’s how investors have reacted to Shoprite’s imminent exit from Nigeria

Shares of the Johannesburg-listed Shoprite have soared 10.16 percent in the space of hours from when it released its trading report that contained plans to exit Nigeria. That’s the retailer’s biggest intraday jump in two months, according to Bloomberg data. This could be interpreted as investors cheering the retailer’s announcement on Monday to sell all…

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