African Economy: South Africa overtakes Nigeria as largest economy in dollar value

Nigeria has lost its position as Africa’s largest economy to South African in dollar terms. This came as the rand recorded gains to close at 13.2805 per dollar, with the naira weakening at 2.7 per cent, to N320 to $1, at the close of business yesterday. From a Gross Domestic Product (GDP) value of $510 billion to the present assessed […]

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