Wealth Wednesday

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

Data

Local

Global

*Data as of 4pm WAT

---

News

Local

• Without structural gaps, Nigeria’s GDP will grow by 5% – IMF

• Oil production fell in Q2 – NBS

• External auditors to examine NNPC N2.6tn subsidy claim

• Kano Governor Seeks Approval Of ₦99.2bn 2024 Supplementary Budget

• Ogun Power Sector Bill Scales Second Reading

Global

• Wall Street little changed in run-up to Nvidia earnings

• FTSE 100 edges up led by pharmaceuticals, insurers

• Rupee holds above record low, supported by state-run banks' dollar sales

• Gold falls on firmer dollar as US data takes spotlight

• Israeli forces launch strikes across Gaza, push tanks into central Khan Younis

---

Events

---

Investment Tip of The Day

With the increasing frequency and sophistication of cyberattacks, companies that provide cybersecurity solutions are seeing heightened demand for their products and services. Investing in leading cybersecurity firms or ETFs that focus on this sector can offer substantial growth potential, especially as businesses and governments continue to prioritize cybersecurity spending to protect their digital infrastructure.

---

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.

---