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

• Food crisis may worsen as flood hits 10 states

• MTN, others get permits to generate electricity

• FG shifts N150bn loan disbursement for manufacturers to September

• NAHCO denies N778m fraud allegations

• Fuel Scarcity: We Will Supply Only What We Have — Oil Marketers

Global

• Blinken warns Israel, Hamas of last chance to end Gaza war

• Russia says Ukraine has hit third bridge in assault on Kursk region

• World shares extend gains, dollar undermined by dovish Fed wagers

• Mpox-linked stocks extend rally into second week

• Gold takes a breather after record run, traders strap in for Fed

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Events

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Investment Tip of The Day

Look at the "picks and shovels" of the AI industry—companies that provide the essential infrastructure and components needed for AI technology to function. This includes investments in semiconductor companies, data center providers, and suppliers of raw materials like copper. These industries are expected to see significant growth as AI continues to expand across various sectors, driven by increasing demand for AI-powered solutions and infrastructure.

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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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