Wealth Wednesday

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

Data

Local

Global

*Data as of 4pm WAT

---

News

Local

• Oil spill: Aiteo shuts down OML 29 field in Bayelsa

• Nigeria to send first civilian to Space

• 10 Banks’ OPEX Up 103% to N1.58tn Amid Inflation, Others

• Amid FX Squeeze, Nigeria Records 42m Barrels Oil Production Deficit in Five Months

• NUPRC Extends 2024 Licencing Bid Registration By 10 Days

• FG offers 17 new oil blocks for bidding

Global

• Stocks bask in Nvidia glow, dollar steady

• European Stocks Struggle to Build on US Tech Rally

• France Advised to Ban Russian LNG Soon by Senate Committee

• UK inflation drops to 2% target for first time since 2021

• Sweden fines Nasdaq $9.6 million over regulatory violations

• EV startup Fisker's U.S. units file for bankruptcy

• Senegal Joins Oil-Producing Countries, Achieves First Oil

• S.Africa’s Ramaphosa sworn in for second term as president

---

Events

---

Investment Tip of The Day

When you receive dividends from your investments, choose to reinvest them instead of cashing them out. This allows you to purchase more shares and benefit from compound growth, accelerating the growth of your investment portfolio over time. Many brokerage accounts offer automatic dividend reinvestment plans to make this process seamless.

---

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.

---