Tag: Investor

Business

NGX RegCo warns investors against speculative trading practices

NGX Regulation Limited has issued a firm advisory to the investing public, warning against the dangers of speculative trading and urging market participants to base their investment decisions on company fundamentals rather than unverified information. In a statement released on Wednesday in Lagos, NGX RegCo, the independent regulatory arm of the Nigerian Exchange Group, addressed […]

Tech investor Prosus targets $7.5bn e-commerce revenue by 2026
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Tech investor Prosus targets $7.5bn e-commerce revenue by 2026

Dutch technology investor Prosus has outlined ambitious growth plans for its e-commerce operations, targeting revenue of between $7.3 billion and $7.5 billion in its 2026 financial year, the company revealed during its Capital Markets Day presentation on Wednesday. The group, majority-owned by South Africa’s Naspers with a 41% stake, also aims to boost adjusted earnings […]

Nigeria to produce food worth €62bn by 2024 - Report
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Nigeria to produce food worth €62bn by 2024 – Report

Nigeria will produce 48 per cent more food, or €62.6 billion, between 2021 and 2024, according to OTACCWA and Fairtrade. The Nigeria Agrofood and Plastprintpack trade exhibition organizers, Fairtrade and OTACCWA, said in a statement that the country’s food output increased from €26 billion in 2016 to €36.3 billion in 2020, a 39.6% improvement. According […]