Financial markets, banking, economic policy, and business news.
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.
Ogun State eliminates eight years of pension backlogs while Nigeria's House of Representatives investigates N8 trillion in annual revenue losses from tax waivers and incentives, highlighting divergent fiscal management priorities across government levels.
Nigeria's House of Representatives has launched a review of tax incentives and waivers amid annual revenue losses of N8 trillion, while the Nigeria Revenue Service sets Q2 2026 deadline for large firms to implement e-invoicing systems.
Nigerian fintech Grey has launched a dedicated business platform to streamline international transactions for African startups and small enterprises, addressing persistent foreign exchange and payment settlement challenges that have constrained regional commerce.
PenCom's upward revision of equity exposure limits for retirement savings funds could release nearly N1 trillion in immediate liquidity into the Nigerian Exchange, while parallel reforms in tax administration and regional banking policy signal broader structural shifts across West Africa's largest economy.
January's unexpected decline in inflation has intensified pressure on the Central Bank of Nigeria to pivot toward monetary easing, though economists caution that structural vulnerabilities could complicate the policy shift.
Ogun State announces clearance of eight years of pension arrears as Nigeria's parliament launches investigation into N8 trillion annual revenue losses from tax waivers and incentives, highlighting contrasting approaches to fiscal management.
Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public pressure on the Central Bank to lower lending rates at next week's policy meeting.
Nigeria unveiled its Industrial Policy 2025 while confronting ₦8 trillion in annual revenue losses from concessions, as the government pursues trade expansion and energy infrastructure development to stabilize the economy.
Precious metals shares comprising over 25% of the JSE All Share Index create significant concentration risk for South Africa's benchmark, while the potential collapse of sugar producer Tongaat Hulett signals deeper industrial challenges.
The ride-hailing startup's Drive To Own program, supported by a $100 million UBA financing facility, aims to convert drivers from renters to owners while expanding its operational fleet.
Bureau De Change operators report inability to purchase dollars from commercial banks one week after Central Bank of Nigeria announced new foreign exchange guidelines, despite parallel market naira appreciation to N1,385 per dollar.
Continental leaders and entrepreneurs are advancing initiatives to establish independent credit rating agencies and digital platforms, aiming to reduce borrowing costs and amplify African voices in global discourse.
Bank of Industry and MTN Foundation commit N1 billion for women-led enterprises while National Pension Commission licenses first accredited pension agent to expand informal sector coverage.
The African Union is advancing structural reforms to reduce donor dependence as member states confront restricted credit markets, exploring alternative financing mechanisms including new tax frameworks to address mounting fiscal pressures.