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 produced 236m barrels of crude in six months – NUPRC

• CBN projects external reserves to dip in 2024

• Crude supply: FG continues fuel importation as Reps probe IOCs

• CBN resumes BDC dollar sale as naira weakens to 1,570/$

• Customs intercept N3.6bn bulletproof jackets, drugs in Ogun

Global

• Biden weighs future, Trump airs grievances in convention speech

• Dollar set for weekly rise, cyber outage unsettles investors

• Japan cuts growth forecast, prime minister warns of weak-yen pain

• Gold slips from all-time peak on profit taking, firmer dollar

• EU to set tariffs on Chinese biodiesel in anti-dumping probe

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Events

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Investment Tip of The Day

Reinvesting dividends is a powerful strategy to enhance your investment returns through the power of compounding. Instead of taking dividend payouts as cash, use them to purchase more shares of the dividend-paying stock or fund. This approach allows your investment to grow exponentially over time, as you earn returns not only on your original investment but also on the reinvested dividends.

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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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