The proposed Mortgage Refinance Company (MRC) of the Federal Government got a boost Wednesday as the Federal Executive Council (FEC) approved a $300 million facility to be accessed from the International Development Association (IDA), a member of the World Bank to launch the institution. The approval came on the heels of a memo brought before Continue Reading...
South Africa’s Jacob Zuma silences Lindiwe Zulu on Zimbabwe
South African President Jacob Zuma has told his Zimbabwe envoy to stop making public comments, after she was criticised by Robert Mugabe. Mr Zuma, the chief mediator in Zimbabwe’s 2008-9 political crisis, said only he was authorised to comment ahead of the 31 July elections. His envoy, Lindiwe Zulu, said last week that electoral preparations Continue Reading...
Lagos kidnap: Briton freed in Nigeria
A British national kidnapped in the Nigerian city of Lagos on Friday has been released, the British High Commission says. The man was released on Sunday, two days after he had been seized outside Lagos airport, following his arrival in the country. It is not known if a ransom was paid to secure his release. Continue Reading...