Think Thursday

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 set to double FX inflows, grants AIP to 14 new IMTOs

• FG to deploy N20trn pension fund for infrastructure development

• Senate approves Tinubu’s $500m loan request to finance mass metering

• FG made N318.5bn revenue in Q1 – Accountant General

• Tinubu Inaugurates 3 Gas Projects, Pledges to Wean Nigeria from Overdependence on Petrol, Diesel

Global

• European stocks lower as earnings dampen relief rally following soft U.S. inflation data; BT up 16.6%

• Gold near one-month high on improved Fed rate cut bets

• Dollar rebounds after falling on weaker U.S. inflation, yen ticks up

• Stocks Waver After Rally With Fedspeak in Focus: Markets Wrap

• Chinese Junk Bonds Jump to Three-Year High on Property Stimulus

• S&P 500, Nasdaq extend record streak on renewed rate-cut hopes

• Slovakia PM Fico's fate remains in balance after surgery, deputy PM says

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Events

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Investment Tip of The Day

Start investing as early as possible to take full advantage of compound interest, where the returns on your investments generate their own returns. Compounding can significantly increase your wealth over time, turning even modest savings into substantial sums. Consistently contributing to your investment accounts and letting your earnings accumulate can make a significant difference in your financial situation by retirement. Consider automating your investments to ensure you consistently contribute without having to think about it each month.

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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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