The article discusses the potential for an African Credit Rating Agency to address the disadvantages posed by current credit ratings for the continent. It raises concerns about whether such an agency would be perceived as credible or if it would be seen as Africa marking its own homework, reflecting investor scepticism about self-assessment in credit ratings.

According to Nairametrics, Nigeria's business environment maintained an expansion status in June 2026, with a business confidence index of 104.6. However, this represents a slowdown in growth compared to the previous year, as businesses faced challenges from high operating costs, limited credit availability, and infrastructure issues.

According to Techpoint Africa, 81% of small and medium enterprises (SMEs) in Nigeria are optimistic about the upcoming year, driven by their growth ambitions. This positive outlook reflects the resilience and potential of the SME sector in the country as they prepare for future opportunities.

Nigeria's non-performing loans (NPLs) ratio increased to 9.85% in February 2026, nearly double the acceptable threshold of 5%. This rise followed the Central Bank of Nigeria's (CBN) withdrawal of regulatory forbearance, which led lenders to reclassify previously deferred exposures. The information was detailed in the CBN's February 2026 Economic Report released on Wednesday.

The National Insurance Commission (NAICOM) has urged the Nigerian Insurers Association (NIA) to take the lead in rebuilding public trust in the insurance sector as it undergoes significant transformation. This statement was made by the Commissioner for Insurance at NAICOM, Mr. Olusegun Ayo Omosehin, during a celebration for Mrs. Ebelechukwu B. Nwachukwu, who is recognized as the 27th and first female in her position.

Housing Finance Bank has launched the HFB Trust Savings Account, which offers competitive interest rates along with built-in insurance benefits. This new savings solution aims to provide customers with a more effective way to save for the future while ensuring financial protection. The initiative reflects the Bank's commitment to developing innovative financial solutions for its clients.