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

• EFCC stops dollar transactions, asks embassies to charge in naira

• Two UBA directors acquire 27 million shares

• Banks stop collection of deposits processing fees

• N’Assembly gets new tax regime September

• NGX lists N4.08bn AVA Infrastructure Fund

• NNPCL begins oil exploration at OML 13

Global

• China to kick off 1 trillion yuan stimulus bond issues this week

• Putin to replace longtime defense minister in surprise move; Russia claims gains as fighting rages in northeast Ukraine

• European markets move lower as traders look ahead to latest U.S. inflation data; Maersk up 7.2%

• Treasury yields dip as investors look to key data this week

• Brent hovers above $83 as inflation data takes centre stage

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Events

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Investment Tip of The Day

Inflation can erode the real value of your investment returns over time. It's important to consider investments that have the potential to outpace inflation. Assets like equities, real estate, and certain types of bonds, such as Treasury Inflation-Protected Securities (TIPS), can help protect your portfolio against inflation. Review your investment strategy to ensure it includes assets that historically have provided returns above the rate of inflation, thereby preserving your purchasing power in the long run.

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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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