Think Thursday

Ranora Daily - Your daily source for reliable market analysis and news.

Data

Local

Global

*Data as of 4pm WAT

---

News

Local

• CBN sells forex to BDCs at N1450/$

• Reps to donate 50% of salaries to fight hunger

• Tinubu approves N70,000 minimum wage

• FG bans admissions for under 18 into tertiary institutions

• TotalEnergies sell its Nigerian onshore oil business for $860 million

Global

• Recovery in chips, megacaps drives Nasdaq, S&P 500 higher

• US weekly jobless claims jump amid usual seasonal volatility

• ECB keeps rates unchanged, September move "wide open"

• Sterling needs more than higher UK rates to stay in the fast lane

• South African rand little changed ahead of rate decision

---

Events

---

Investment Tip of The Day

Investing in companies with strong economic moats can provide long-term stability and growth. An economic moat refers to a company's ability to maintain competitive advantages over its rivals, protecting its market share and profitability. These advantages can include strong brand identity, proprietary technology, cost advantages, network effects, or regulatory barriers.

---

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.

---