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

• NEPC reports $2.7bn in non-oil exports half year 2024

• Eko DisCo laments MDAs N144bn electricity debt

• Gas suppliers seek end to multiple taxation

• Mpox may affect Nigerian, African economies – Fitch

• CBN Lifts Suspension On Bank Borrowing, Sets 31.75% Lending Rate

Global

• Europe shrugs off Nvidia chill to eye record high

• Futures extend gains after GDP data

• Egypt central bank expands lending to government, but inflation slows

• Oil steady as Libyan supply woes counter modest US stock draw

• Sterling's stunning rally keeps twitchy currency markets on edge

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Events

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Investment Tip of The Day

Consider carbon credits as an emerging asset class. With the global push towards reducing carbon emissions and achieving net-zero targets, carbon credits are becoming an increasingly valuable commodity. Investing in carbon credit ETFs or funds that focus on carbon markets allows you to potentially profit from the tightening supply and rising prices of carbon allowances, especially as more countries and corporations commit to stricter environmental standards.

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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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