Financial markets, banking, economic policy, and business news.
President Donald Trump has reversed his decision to impose a cargo toll on ships transiting the Strait of Hormuz, just one day after announcing it, following pushback from Middle Eastern leaders.
Volkswagen is preparing to cut 50,000 more jobs globally, adding to previous reductions, as it confronts declining profits and rising competition, particularly from Chinese automakers.
Twelve US states have filed lawsuits to block Paramount's proposed acquisition of Warner Bros., citing concerns over reduced competition in film distribution and cable licensing.
Satrix has announced the listing of additional units of its Satrix Global Balanced FoFs ETF on the Johannesburg Stock Exchange, expanding investor access to a diversified global multi-asset fund.
Patrick Dlamini, CEO of South Africa's Public Investment Corporation, has been placed on precautionary suspension following whistleblower allegations. The PIC manages over R3 trillion in public sector pension funds.
Patrick Dlamini, CEO of South Africa's Public Investment Corporation, has been suspended following whistleblower allegations citing governance concerns at the nation's largest asset manager.
The Nigeria Customs Service disclosed that import duty exemptions cost the country N34 trillion in 2025, attributing the loss to ongoing fiscal policies that undermine revenue collection.
The Nigerian naira weakened to N1,420 per US dollar in the parallel market on Monday, down from N1,406 last weekend, according to Vanguard News.
Standard Bank asserts South Africa's economy is approaching 'escape velocity,' while IRR economist John Endres argues the growth narrative remains underappreciated despite improving fundamentals.
The Nigerian naira's float policy has deepened the divergence between official and black market dollar rates, creating challenges for businesses and undermining reform gains.
Tanzania's richest businessman, Mohammed Dewji, has pledged a $100 million investment in Aliko Dangote's proposed refinery project in Kenya, signaling growing regional investor confidence in the $17 billion initiative.
The Director-General of the Infrastructure Concession Regulatory Commission, Dr. Jobson Oseodion Ewalefoh, has called on West African nations to adopt Public-Private Partnerships as a strategic response to the region's infrastructure gap, citing insufficient public resources.
A Moniepoint study shows digital payments are transforming Nigeria's food service sector, which is projected to grow to $19.31 billion by 2030 at an 11.73% annual rate.
Gigbanc is ceasing operations due to ongoing fundraising difficulties, reflecting broader headwinds facing early-stage fintechs in Nigeria.
Governor Siminalayi Fubara has presented a N1.854 trillion budget for Rivers State for 2026, reflecting a 24.49% increase over the 2025 adjusted budget, driven by higher allocations from FAAC and other revenue sources.