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

• Tinubu panel, Dangote refinery brainstorm on petrol pricing

• Tinubu to inaugurate N178bn Onne terminal next week

• NNPC has no funds to fix old pipelines – FG

• FX turnover hit $7.4bn in July

• CBN, SEC okay Ecobank custody business

Global

• Gold nears record high on US rate-cut optimism, geopolitical risks

• China central bank rolls over maturing loans, injects cash

• Stocks edge higher, crude prices jump on supply concerns over Mideast, Libya

• European shares muted ahead of data-heavy week; tech stocks slide

• Exxon consortium's Guyana oil output drops to some 450,000 bpd, gov data says

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Events

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Investment Tip of The Day

With global infrastructure needs rising, especially in rapidly developing regions like Southeast Asia, Africa, and parts of Latin America, these markets present significant opportunities for long-term growth. Investments in sectors like transportation, energy, and telecommunications infrastructure are poised to benefit from urbanization, population growth, and increased government spending on critical projects. Diversifying into infrastructure funds or ETFs that focus on emerging markets could offer both growth and defensive qualities in your 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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