Trading Tuesday

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

• FG spending exceeds revenue by 225%

• NEITI to probe 190 oil, mining companies’ revenues

• NNPC begins natural gas export to Japan, China

• FG plans intervention as cooking gas hits N1,300/kg

• Okomu, Oando drive equity market to N36bn gain

• Nigeria’s GDP Rose By 3.19% In Q2’24 — NBS

Global

• Shares and oil price slip, with Mideast risks, US rates in focus

• Russia warns the United States of the risks of World War Three

• Pound hits two-year high on dollar, gains on euro

• Russia-France ties hit new low after Telegram boss' arrest, Moscow says

• Gold retreats as US yields firm; market awaits further Fed guidance

• China's PDD suffers $55 bln market cap wipeout after flagging an uncertain market

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Events

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Investment Tip of The Day

Consider green bonds as part of your portfolio. Green bonds are debt securities issued to finance projects with environmental benefits, such as renewable energy, energy efficiency, or clean transportation. With growing global emphasis on sustainability and climate change mitigation, demand for green bonds is increasing. These investments not only offer the potential for steady returns but also align with the broader trend of responsible and sustainable investing.

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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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