I have an out door madagascar palm the leaves start with small black spot, grow larger, leaves turn yellow and fall off. I have tried fungicide3 for black spots. No good. I have 4 others that all well.
I hope you get an answer, I have the same problem Mine is in a pot I have had it for three years, first in Arizona. I have had die back because of the heat or the cold, but never these black spots
The problem you described sound much like the one discussed in this thread (in an external forum): Help! Pachypodium black spots - CactiGuide.com. Do the leaves look the same? Perhaps you'll get some ideas there.