Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Africa Loses 15% of GDP to Climate Change – AfDB

Inside Africa

Africa Loses 15% of GDP to Climate Change – AfDB Africa has been losing from five per cent to 15 per cent of its Gross Domestic Product (GDP) per capita growth because of climate change and its related impacts. Group Acting Chief Economist and Vice President, African Development Bank (AfDB), Mr Kevin Urama, said this in a statement posted on AfDB’s website on Tuesday. Urama added that Africa needed 1.6 trillion dollars between 2022 and 2030 to meet its nationally determined contributions (NDCs). According to the statement, the AfDB vice president said this on Sept. 7 at a panel discussion…

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Market Sees Yields Diverge as Liquidity Level Drops

Financial Market

Market Sees Yields Diverge as Liquidity Level Drops The fixed income market sees average yields on Nigerian treasury bills and bonds diverge amidst declined system liquidity. In the money market, short term rates made an uptrend as financial system liquidity slowed down, thus interbank rate was lifted. Local banks with strong liquidity positions have recently requested higher rates. At the Central Bank of Nigeria’s standing lending facility, some deposit money banks have pitched their tent or more borrowings to meet liquidity requirements. Data from FMDQ Exchange shows that on Monday, the overnight lending rate (O/N) inched forward by 300 basis…

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