Wealth Wednesday
Ranora Daily - Your daily source for reliable market analysis and news.
Market Overview
Local News
Tariff hike: Internet usage crashes as subscribers decline- Punch
Govt, Gates Foundation unveil $7.5m AI Scaling Hub - Punch
Elumelu boosts UBA stake with N43.9bn share purchase- Punch
NGX opens second trading day with N259bn gain - Punch
Nigeria Committed To Become Global Cocoa Processor, Says FG -Channels
Presidency To Pay ₦2tn From ₦4tn Electricity Debts- Channels
Global News
Trump’s ‘big beautiful bill’ will swell US deficit by $2.4tn, warns fiscal watchdog - Financial Times
GlobalFoundries boosts investment plans to $16 billion, with research focus - Reuters
Most emerging market currencies set to hold on to gains - Reuters
Brazil currency seen flat in near-term, restrained by trade worries: Reuters poll - Reuters
Saudi IPO Draws $32 Billion In Orders After Dividend Reversal - Bloomberg
South Africa’s 10-Year Bond Yield Drops to Lowest Since 2022 - Bloomberg
Indices, Commodities & Currencies
Nigeria Sectoral Indices Performance
Events
Investment Tip of the Day
Avoid chasing the latest market fads. Instead, focus on investments with solid, time-tested fundamentals. Often, the steady, reliable stocks or funds outperform the trendy, high-flying picks over the long haul.