Finance Friday

Ranora Daily - Your daily source for reliable market analysis and news.

Data

Local

Global

*Data as of 4pm WAT

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News

Local

• Nigerian govt tightens surveillance, border control over Mpox outbreak

• NLC accuses federal govt of interfering in its leadership

• Nigeria Customs intercepts 12 containers of Tramadol, machetes, illegal drugs

• Court orders forfeiture of Emefiele’s $2.4m, Lagos, Delta assets

• Customs intercept N1.8bn expired drugs

Global

• Wall St slips after S&P, Nasdaq's six-day winning run, soft housing data

• UK government names economist Alan Taylor to join BoE rate committee

• Gold hits record high on softer dollar, rate-cut hopes

• Oil falls more than $2, set for weekly decline on China worries

• Gaza ceasefire talks paused with resumption planned next week

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Events

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Investment Tip of The Day

Adopt a "core and satellite" approach to diversify your investments effectively. The core of your portfolio should consist of broad, low-cost index funds or ETFs that provide stability and steady returns. The satellite portion can be allocated to more specific investments, such as individual stocks, sector ETFs, or alternative assets, to capture additional growth opportunities. This strategy allows you to maintain a strong foundation while strategically pursuing higher returns in areas you believe have strong potential.

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Disclaimer: The information contained in this report is intended for informational purposes only and should not be considered as investment advice. The information is obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.

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