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

• Smuggled Nigerian petrol floods W’African markets, sells N1,700/litre

• Minimum wage: Labour insists on N250,000, awaits Tinubu’s verdict

• NIS To Unveil User-Friendly E-Visa Channel

• Dangote Refinery Shifts Petrol Supply To Mid-July

• Debt Servicing Gulps $2.2bn In Five Months, Says CBN

• CBN Guarantees Safety Of Depositors’ Funds, Says No Plan To Liquidate More Banks

• Nigeria’s Crude Oil Export Rises over 50%, Hits $15.4tn in Q1

Global

• Treasury yields fall as Fed meeting kicks off

• European stocks fall as markets turn to Fed, U.S. inflation; UK wage growth holds at 6%

• UK Smashes Bond Demand Record With £110 Billion Orderbook

• Japan to stick to goal of primary budget surplus next fiscal year

• UK unemployment nears three-year high, wage growth firm as election looms

• Norway discovers Europe’s largest deposit of rare earth metals

• Iran approves six candidates for June 28 presidential election

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Events

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Investment Tip of The Day

Maximize your investment returns by taking full advantage of tax-advantaged accounts such as Individual Retirement Accounts (IRAs) and 401(k)s. These accounts offer significant tax benefits that can help your investments grow more efficiently over time.

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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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