Lagos Still Among World’s Most Expensive Cities, Survey Says

As the biggest commercial centre of Nigeria, Lagos, has always been in the limelight. Before now various Internet sources had indicated that Lagos is the second fastest growing city in Africa and the seventh fastest in the world.

A recent survey by Mercer, a global outsourcing and consulting firm, has also ranked Lagos among the 50 most expensive cities of the world for expatriates. The survey, tagged World Cost of Living Survey 2012, covered 124 cities across five continents and placed Lagos at the 39th position, two steps up from the 41st position it occupied last year.

Muslim Brotherhood claims victory, Egypt army to hand over power by end June

Muslim Brotherhood Candidate, Mohammed Morsy

The Muslim Brotherhood said its candidate Mohamed Morsy, 60, had won the election against military rival Ahmed Shafik, 70, whose campaign refused to concede defeat and accused Morsy of “hijacking the election”.
“The army will hand over power to the elected president in a big ceremony end-month that the entire world will witness,” Major-General Mohamed El Assar, a member of the ruling army council, was quoted by Mena as saying.

“Egypt is a modern democratic country that upholds all democratic values.”

Official results are yet to come out, and the statement did not name the new president. It is the first comment on the elections by the ruling council since initial results came out early morning.