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Nigeria surpasses South Africa as the largest economy in Africa after "rebasing" its GDP data. Previously uncounted industries such as telecoms, IT, music, online sales, airlines, and film production are now included in Nigeria's GDP calculations. The revised GDP for 2013 amounts to 80.3 trillion naira, surpassing South Africa's GDP of $370.3 billion. This milestone underscores Nigeria's growing economic significance on the continent.
Friday, 4 April, 2014