Money Monday

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

• Banks’ weekly borrowing from CBN jumps to N5.38trn on liquidity demand

• Dangote Refinery capable of solving Nigeria’s forex problems- S&P Global

• Nigeria beats peers, emerges Africa’s largest private equity destination

• Gas shortage squeezes Nigeria’s LNG exports by 13%

• Budget release fall short by 75%, as FG disbursed N1.23 trn for capital projects

Global

• France faces coalition puzzle after left-wing surge in election

• Ukraine's Zelenskiy vows retaliation for Russian strike

• Israel orders residents to evacuate as tanks storm Gaza City districts

• Treasury yields rise as investors look to inflation data due in week ahead

• South African rand gains as risk sentiment improves

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Events

Nil

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Investment Tip of The Day

Diversifying your investment portfolio with non-correlated assets is a crucial strategy to minimize risk and enhance returns. By spreading investments across various asset classes such as stocks, bonds, real estate, commodities, and alternative investments like cryptocurrencies and private equity, you reduce the impact of any single investment's poor performance. Non-correlated assets do not move in tandem, so when one asset class underperforms, others may perform well, balancing your overall portfolio.arch.

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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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