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

• FG savings bonds offer opens with lowest returns since March 2024

• Nigeria’s business activity hits 7-month low as output slows

• Nigeria’s food crisis seen worsening as costs triple

• Foreign investment inflows to Nigeria triples in three months

• Guinness Nigeria records N60.5bn loss on operating expenses, foreign exchange pressures

• Meta begins in-stream ads as monetisation move thickens in Nigeria

• Obi cautions government on borrowings, says debt may hit N150trn end-2024

Global

• Rival French parties seek to build anti-far right front

• Banks lift Dow, semiconductor shares weigh on Nasdaq

• US manufacturing mired in weakness; prices paid gaus six-month lowge hit

• Delays, disruptions as South Koreans surge to sign online petition to impeach president

• Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules

• Brazil's Petrobras hikes jet fuel prices by 3.2%

• French debt risk premium falls from 12-year high after vote, but investors cautious

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Events

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Investment Tip of The Day

Invest in Treasury Inflation-Protected Securities (TIPS). TIPS are government bonds that are indexed to inflation, providing protection against the eroding effects of rising prices. As inflation increases, the principal value of TIPS rises, which in turn increases interest payments. This makes them a secure investment option for preserving purchasing power and ensuring your returns keep pace with inflation, especially during periods of economic uncertainty.

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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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