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Topic: South Africa dethrones Nigeria as Africa’s biggest economy  (Read 3904 times)

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South Africa dethrones Nigeria as Africa’s biggest economy
« on: August 12, 2016, 01:00:59 PM »
South Africa dethrones Nigeria as Africa’s biggest economy

South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data. A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar, BBC News reports. Nigeria’s currency has fallen sharply since a peg […]
Source: South Africa dethrones Nigeria as Africa’s biggest economy

- PM News Nigeria
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