Trading Tuesday

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

• CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels

• FG, UAE plan new oil exploration deal

• Food imports hit N3tn over flooding, insecurity – CBN

• DMO Raises N4.9trn For Ways And Means Securitisation

• Transcorp Power Shareholders Approve N23.46bn Dividend, Commend 2023 Performance

• Nigeria’s Cocoa Export Accounted for 29% of Total Agric Export in 2023

• FG Rakes in over N13tn Revenue from NUPRC’s Operations in Four Years

Global

• Calm markets hover near highs, metals step back

• Treasury yields hold steady as investors weigh inflation, interest rate outlook

• Britain’s inflation rate could be about to drop below the Bank of England’s 2% target

• European markets lower as positive momentum fades

• Russia Ukraine War - Kremlin says Zelenskyy ‘slipping into hysterics’ wanting the West to get directly involved in the war

• Russian Oil Flows Tick Higher as Moscow Pivots From Export Curbs

• Inflation in Canada Slows to 2.7%, Boosting June Rate Cut Odds

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Events

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Investment Tip of The Day

Pay yourself first by automating your investments. Set up automatic transfers to your investment accounts as soon as you receive your paycheck. This strategy ensures consistent contributions to your savings and investments, helping you build wealth over time without having to think about it. Automation can be applied to retirement accounts, as well as brokerage accounts. By prioritizing your investments, you take advantage of compounding growth and make steady progress toward your financial goals.

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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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