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

• Customs intercepted N26bn illegal arms, drugs in six months

• Reps okay housing ministry budget raise to N500bn

• Dangote: Reps To Investigate ‘Inferior Fuel’ Allegations, Order New Test

• CBN to channel dormant account funds into Nigerian treasury bills

• CBN injects $106.5 Million into FX market amidst rising demand pressure

Global

• Harris races to lock up White House bid, Trump campaign pivots

• Wall St picks up after sell-off as investors weigh Biden exit effect

• Gold firms as dollar loses footing following Biden withdrawal

• Russia set for aggressive 200 bps rate hike to cool down economy

• Israel sends tanks back into Khan Younis area, 49 killed after new evacuation order

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Events

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Investment Tip of The Day

When selecting investments, be mindful of the fees associated with them. High fees can significantly erode your returns over time. Look for low-cost investment options such as index funds and ETFs, which typically have lower expense ratios compared to actively managed funds.

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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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