Tag Archives: Investment

Warren Stephens is head of Stephens Inc, a privately owned diversified financial services firm. Its headquarters are in Little Rock, Arkansas. ADVERTISEMENT President-elect Donald Trump has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2m (€1.9m) to a Trump-backing super political action committee (PAC). Trump, …

The French pharma firm is seeking to increase insulin production in Beijing as trade tensions between the EU and China simmer on. ADVERTISEMENT Sanofi will invest around €1bn in China to build a new insulin production site in Beijing, the French firm said in a WeChat statement. The site, which will be Sanofi’s fourth production facility in the country, is …

U.S. President-elect, Donald Trump has nominated billionaire investment banker Warren Stephens to be the next U.S. Ambassador to the United Kingdom. Stephens, 67, is chairman, president, and CEO of Stephens Inc., a privately owned financial services firm headquartered in Little Rock, Arkansas. The businessman said to be worth more than $3 billion is a conservative megadonor and one of the richest …

House of Representatives member, Akin Alabi, backed an X user who opined that building houses for rent is a bad investment.    According to Alabi, he had properties in Lagos which he put up for rent but had to sell them as he failed to make his returns from the investment, He said he eventually had to let people live …

With rising inflation, the depreciating Naira and high lending rates, it has become important to source investment opportunities that provide a hedge against inflation, serve as a store of value, and guarantee optimal returns. Whilst the stock market has multiple income generation potential, there is a level of expertise required to thrive in stock trading and minimize exposure and risk. …

The Federal Government has said it needs $10 billion in private investment in the power sector, over the next five to 10 years, to achieve 24-hour power supply.   The Minister of Power, Mr Adebayo Adelabu disclosed this when the Director-General of Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh paid him a courtesy visit.   The Acting Head of …

Barclays shares surged to a nine-year high on the NYSE following strong third-quarter earnings, primarily driven by growth in its investment bank. CEO Venkatakrishnan expressed confidence in meeting the three-year targets set earlier this year. ADVERTISEMENT British bank Barclays posted strong third-quarter earnings, lifting its shares by more than 4% in after-hours trading on the New York Stock Exchange, reaching …

Journalist, Reuben Abati, has slammed Minister of State for Petroleum, Heineken Lokpobiri, for saying Nigeria is expecting a $50bn investment in the oil sector by December.   While speaking in Abuja on Tuesday, October 8, Lokpobiri said with foreign/local investors’ concerns being addressed, coupled with the “audacious’’ efforts to boost oil production to about 2.7 barrels per day,  Nigeria remains …