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

• Nigeria’s money supply falls to N92.3tn in March

• Dangote Refinery To Buy 24m Barrels Of Crude From US

• FG Lists N4.214bn Savings Bonds On NGX

• Strengthening of Naira Moderated Inflationary Pressure in April

• FAAC Disburses N1.2trn Revenue To FG, States, LG For April

Global

• European markets lower after snapping nine-day winning streak; Richemont up 5.5%

• Wall St muted with weekly gains in sight on rate-cut hopes

• Oil heads for weekly gain on hopes of firmer demand

• Chinese stock markets up after sweeping measures to boost housing sector, property shares pop

• Stocks Set for Longest Weekly Win Since February

• Share Sales Rebound in Toronto as Copper, Gold Surge

• Bank of America to buy WaFd's multi-family loan portfolio for $2.9 bln

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Events

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Investment Tip of The Day

Diversifying your investment portfolio isn’t just about mixing different types of assets like stocks and bonds; it also involves geographical diversification. Investing in international markets can expose you to growth opportunities in different economic regions and reduce the impact of volatility in any single market. Consider international mutual funds, ETFs, or direct investments in foreign companies to tap into these opportunities. However, be mindful of the additional risks, such as currency fluctuations and political instability, and consider how these fit within your overall investment strategy.

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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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