Nigeria on Sunday became Africa’s biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country’s gross domestic product. The new calculations take into account changes in production and consumption since the last time the exercise was carried out in 1990, including an added focus on communications and the movie industry. The data indicated that the economy grew to $453 billion in 2012, instead of $264 billion as measured by the […]
Reported by Raw Story 3 hours ago.
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