Data
Local
Global
*Data as of 4pm WAT
News
Local
Results for the OMO Auction - 29 May 2024:
Currency outside banks reverses upward trend, falls by N27bn
Platform Petroleum targets 10,000 barrels of oil, 50bn scf gas daily
Global
IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures
June ECB rate cut a done deal, majority expects cuts in Sept, Dec too: Reuters poll
Canadian lender BMO's second-quarter profit falls on US business weakness
Asia markets gain at the start of data-heavy week as China industrial profits rise
Events
Investment Tip of The Day
Invest in companies with strong balance sheets and consistent earnings growth. Companies that maintain low debt levels, high cash reserves, and a track record of profitability are typically better equipped to weather economic downturns and capitalize on growth opportunities. Look for key indicators such as a low debt-to-equity ratio, positive cash flow, and a history of earnings stability and growth. Investing in financially healthy companies reduces risk and enhances the potential for steady returns over the long term.