A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar. Nigeria’s currency has fallen sharply since a peg to the dollar was dropped. But BBC Africa Business Report editor Matthew Davies … Read more →
Nigeria has “rebased” its gross domestic product (GDP) data, which has pushed it above South Africa as the continent’s biggest economy. Nigerian GDP now includes previously uncounted industries like telecoms, information technology, music, online sales, airlines, and film production. GDP … Read more →