South Africans will have to pay more for electricity after the National Energy Regulator of South Africa (Nersa) admitted to making mistakes in calculating Eskom’s revenue for the coming years. …
Regulation
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BusinessEconomyEnergyPublic UtilitiesRegulationSouth Africa
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BankingBusinessCompetition LawFinanceRegulationSouth Africa
Tribunal Orders Toyota, WesBank to Pay R30m for Collusion
South Africa’s Competition Tribunal has confirmed settlement agreements involving WesBank, FirstRand, and subsidiaries of Toyota, over allegations of uncompetitive behaviour in the country’s vehicle financing sector. The companies will pay …
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AviationBusinessNewsNigeriaRegulationSecurityTransportation
NCAA Launches Fresh Campaign Against Unruly Passengers in Nigerian Airports
The Nigerian Civil Aviation Authority (NCAA) has launched a renewed anti-violence campaign to tackle the rising cases of unruly behaviour among air travellers across the country’s airports and onboard aircraft. …
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EconomyFinance & ServicesLabourNigeriaPensionRegulation
Pension Fund Operators Urge Workers to Update Records for Seamless Retirement Payments
The Pension Fund Operators of Nigeria (PenOp) has advised all participants in the Contributory Pension Scheme (CPS) to take part in the ongoing Data Recapture Exercise (DRE), stressing that the …
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BusinessCapital MarketEconomyFinanceGlobal NewsRegulation
World Federation of Exchanges Launches Manifesto to Protect Public Markets
The World Federation of Exchanges (WFE), the global body representing exchanges and clearing houses, has unveiled its new Exchange Manifesto. The declaration seeks to highlight and reinforce the vital role …
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BusinessEconomyInsuranceNigeriaRegulation
NAICOM, SEC Strengthen Partnership to Drive Insurance Industry Recapitalisation
The ongoing recapitalisation of Nigeria’s insurance industry received a major push on Tuesday as the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC) pledged to work more …
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AviationBusinessGOVERNMENTNigeriaRegulationSecurity
NCAA Summons Ibom Air Passenger and Crew, Orders Full Phone Shutdown on Flights
The Nigeria Civil Aviation Authority (NCAA) has summoned Ms. Comfort Emmanson and a member of the Ibom Air cabin crew, Juliana Edward, for further investigation into an incident that occurred …
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BankingBusiness PoliciesCapital MarketEconomyNigeriaPensionRegulation
PenCom Bars Pension Fund Administrators from Investing in Banks’ AT1 Capital Instruments
The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs) against investing workers’ retirement savings in the Additional Tier-1 (AT1) capital instruments of Deposit Money …
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EgyptGovernanceHealthcareHuman RightsInternational StandardsMedical SectorNewsRegulation
Egypt Steps Up Organ Transplant Oversight and Standards
Egypt is moving to strengthen its organ transplant program with new rules, tighter oversight, and improved standards to meet international medical practices. The country’s Supreme Committee for Organ Transplantation held …
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BusinessMarketsRegulationTechnologyTelecommunications
Google Fined $36m in Australia Over Anticompetitive Search Deals
Google has agreed to pay a fine of 55 million Australian dollars (about $36 million) after admitting to entering anticompetitive agreements with Australia’s two largest telecommunications firms, Telstra and Optus. …