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

• Manufacturing grows by 1.28%

• Reduce Energy Prices To Boost Economic Productivity, Duke Tells FG

• Oil Giant Shell To Cut Hundreds Of Jobs

• Cement Dealers Frustrated Plans To Slash Cement Price To ₦3,500

• Nigeria Seeks Stronger Partnership With EU To Combat Malnutrition

Global

• Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

• OPEC+ likely to proceed with planned output hike from October

• India's July infrastructure output rises 6.1% y/y

• Oil slips on demand concerns, prospect of OPEC+ hike

• Sterling steady but heads for weekly fall on dollar strength

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Events

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Investment Tip of The Day

Look into emerging market ETFs. As global economies recover at different paces, emerging markets can offer significant growth potential due to their rapid industrialization and increasing consumer markets. These ETFs invest in a variety of sectors within countries that are in the process of rapid growth and development, such as India, China, Brazil, and others. The potential for higher returns comes with increased volatility and risk, but these markets can provide diversification benefits in a well-rounded investment portfolio.

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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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