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 deficit rose to N824bn in April – CBN

• Oando acquires Agip Oil for $783m

• Dangote Refinery Begins Petrol Production Test-Run

• OVH Acquisition: NNPC says Tinubu not involved

• Kekere-Ekun pledges to restore trust in Nigerian judiciary

Global

• Harris takes on Gaza war, tyranny in Democratic convention finale

• S&P 500 nears record high as Powell signals imminent rate cut

• Sterling climbs to highest since March 2022 against dollar

• After battle with yuan bears, China is now keen to avoid sharp currency gains

• ECB policymakers' views converging on Sept rate cut

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Events

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Investment Tip of The Day

With increasing global focus on sustainability and stricter environmental regulations, companies are turning to carbon credits to offset their emissions. Investing in carbon credit funds or ETFs that track the price of carbon can offer significant upside as demand for these credits is expected to rise. This market is still in its early stages but has the potential to grow substantially as more governments and corporations commit to carbon neutrality goals

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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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