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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Market News

Local

• Fitch upgrades Nigeria’s credit outlook

• APM Terminals Confirm Plans To Invest $500 Million In Port Upgrade

• Lagos GDP hits N41trn, ranks 7th in Africa

• FMCG enters 2024 with FX crisis as four firms lose N300b in Q1

• Local firms, IOCs to bid for 12 onshore, 7 deep offshore oil blocks

Global

• Xi Visits Europe, Seeking Strategic Opportunity

• Israel orders Al Jazeera to close its local operation and seizes some of its equipment

• Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit

• Full recap of Warren Buffett’s comments at the Berkshire Hathaway annual meeting: ‘I hope I come next year’

• Fitch revises Egypt’s outlook to ‘positive’ on lower risks, stronger FDI

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Market Events

Nil

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Investment Tip of The Day

Regularly review and rebalance your portfolio to ensure it aligns with your financial goals and risk tolerance. This practice involves adjusting your investments to maintain your desired asset allocation. It's crucial for managing risk and enhancing the potential for consistent returns, especially in changing market conditions.

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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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