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 to begin 150bn loan disbursement July

• Total transactions on NGX hit N2.25tn in five months

• FG raises fresh N284bn as T-Bills debt hits N10tn

• Tinubu Orders Disbursement Of N155bn For Foodstuff Purchase Nationwide

• CBN Discontinues Price Verification System For ‘Form M’

• FG approves e-verification for military pensioners

• CAC Grammar School Alumni Association launches N50m endowment fund

Global

• US inflation ebbs in May as goods prices fall

• Trump Media shares climb after Biden's faltering show in first presidential debate

• Wall Street jumps after cooling inflation data

• Aramco to buy 10% stake in Renault, Geely thermal engines JV

• Canada's economy expands 0.3% in April; another gain seen in May

• UK economy picks up in early 2024, too late for election boost

• Oil traders expect large inventory draw in third quarter

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Events

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Investment Tip of The Day

Focus on Long-Term Growth. Instead of trying to time the market for short-term gains, concentrate on investing in high-quality stocks, ETFs, or mutual funds that have strong long-term growth potential. This approach helps you ride out market volatility and capitalize on the compounding of returns over time, which is a powerful driver of wealth accumulation.

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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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