Financial markets, banking, economic policy, and business news.
Nigeria's Economic and Financial Crimes Commission arraigned a corporate executive and his wife for alleged investment fraud involving N740 million, while Kenyan authorities detained three suspects wanted in the United States for financial crimes ahead of extradition proceedings.
The Nigerian Exchange recorded its strongest single-day performance in 2026, surging 4.36% to close above 190,000 points for the first time, while 26 companies now hold trillion-naira valuations with combined market capitalization of N110.54 trillion.
Nigeria's headline inflation rate declined to 15.10% in January 2026 from 15.15% in December 2025, marking a modest deceleration driven by lower food, fuel, and cooking gas prices, according to the National Bureau of Statistics.
The Financial Institutions Training Centre will gather industry leaders in March to address workforce value delivery challenges as automation and digital tools reshape traditional banking roles across Zimbabwe's financial services landscape.
A House of Representatives committee has revealed Nigeria loses approximately N8 trillion yearly through tax concessions, waivers, and exemptions, representing substantial revenue leakage that undermines fiscal capacity.
Nigerian regulatory bodies are strengthening oversight mechanisms with the Financial Reporting Council enforcing mandatory audit firm registration from April 1, while the electricity regulator introduces structured complaint resolution protocols.
From a sophisticated eCitizen heist in Kenya to billion-naira money laundering in Nigeria, recent prosecutions expose the sprawling nature of financial crime across the continent, where insider access and construction sector fraud dominate courtroom dockets.
Nigeria's banking sector attracted $16.78 billion in capital importation during the first nine months of 2025, with major lenders completing Central Bank-mandated recapitalization requirements, though ECOWAS investors contributed just 0.01% of total inflows.
Multiple African economies are implementing monetary easing policies as inflation pressures subside, with Zimbabwe achieving sub-10% inflation for the first time in nearly three decades while Nigeria reports sharp food price deceleration.
Governments worldwide are intensifying tax pressure on high-net-worth individuals while African financial markets undergo structural shifts, with Nigerian pension funds rotating toward equities and South Africa's central bank mandating greater lending rate transparency.
Guaranty Trust Bank launched a 2.95% airtime loan product while AfriGO partnered with PalmPay for in-app card requests, as financial institutions leverage mobile platforms to expand service accessibility across West Africa.
The Financial Institutions Training Centre will host its flagship Employee Engagement and Experience Conference in March 2026, bringing together industry leaders to address how Zimbabwe's banking sector can deliver workforce value amid accelerating digitalization.
Kenya's National Assembly has introduced legislation to establish a dedicated infrastructure fund targeting Sh5 trillion in financing, marking a strategic shift away from public debt and taxation toward alternative funding mechanisms for long-term development projects.
Kenya's government has introduced legislation establishing a National Infrastructure Fund aimed at raising Sh5 trillion for long-term projects, marking a strategic pivot from debt-driven development financing.
Two major corporate legal disputes have emerged across African markets, with Nigerian property firm Familia Limited filing a N5 billion suit against Ardova Plc over prime Lagos real estate, while South African steel manufacturer Cape Gate moves to challenge a Competition Commission warrant.