Wealth Wednesday

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

• Lamentations as flood disrupts business activities across Lagos

• Kaduna Electric raises Band A tariff to N209.5/kWh amid NLC protest

• Concerns over naira, inflation as money supply hits N99.23trn

• Nigeria to collect 7.5% VAT on crypto transactions

• Access Holdings begins N351bn capital raise July 8

• EU unveils digital platform to boost investment in Nigeria’s agribusiness sector

Global

• Wall Street higher after data raises rate cut hopes

• US labor market gradually slowing; services sector contracts in June

• EU governments hesitant on Chinese EV tariffs as trade spat escalates

• Gold at near 2-week high as soft US data lifts Fed rate-cut bets

• Oil Holds Near Two-Month High After US Crude Stockpile Decline

• Pakistan has met all requirements for IMF bailout deal, finance official says

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Events

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Investment Tip of The Day

Invest in a Balanced Portfolio. Diversify your investments across various asset classes, such as stocks, bonds, real estate, and commodities. A balanced portfolio helps mitigate risk by spreading investments across different sectors and markets, reducing the impact of volatility in any single asset class. Regularly review and rebalance your portfolio to ensure it aligns with your financial goals and risk tolerance, which can help you achieve more stable and consistent returns 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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