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

• FG Gets $925m Oil-Backed Lifeline From Afreximbank

• ‘Comply With KYC Laws Or Face Consequences,’ EFCC Warns Extractive Industries

• ‘Suspension of $300 Helicopter Landing Levy Right Step’

• Inflationary Pressure Eased to One-year Low in May

• Kuda to Resume Account Opening as CBN lifts Restriction

• Nigeria’s economy’ll hit $1.85tn by 2029, IMF predicts

• Heritage Bank: Shareholders push for MD, EDs’ probe

Global

• US job gains blow past expectations, wage growth quickens

• Global equity funds rack up robust weekly inflows on rate cut bets

• Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt

• Gold slides over 2% after strong jobs data dims rate cut prospects

• Asia markets mixed as Japan spending data misses estimates, China’s May exports top expectations

• Oil Rises as OPEC Ministers Reiterate Output Path May Be Changed

• Israeli forces batter central, south Gaza as tanks advance in Rafah

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Events

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Investment Tip of The Day

Embrace dollar-cost averaging (DCA). DCA is a powerful investment strategy that involves regularly investing a fixed amount of money into a particular asset, regardless of its price. This approach mitigates the impact of market volatility by spreading out your investments over time. By consistently buying shares, you purchase more when prices are low and fewer when prices are high, which can lower your average cost per share. DCA is particularly effective for long-term investments in volatile markets, ensuring you remain invested without trying to time the market.

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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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