Nigeria’s new status as Africa’s largest economy puts the spotlight on Nigeria as a key engine for regional progress. The photogallery assesses the relationship between the economy and security in Nigeria, and assesses how this impacts security in Africa…
Browsing: economy
The outlook for the crisis-battered eurozone brightened Thursday as Germany’s leading economic think tanks raised their growth forecast for Europe’s top economy this year and next year. Greece, one of the hardest-hit euro members, also returned to the…
ON SATURDAY, April 5th, South Africa was Africa’s largest economy. The IMF put its GDP at $354 billion last year, well ahead of its closest rival for the crown, Nigeria. By Sunday afternoon that had changed. Nigeria’s statistician-general announced…
South Africa remains the most important economy in the continent despite being overtaken by Nigeria as Africa’s biggest, South African economists said. The result of a long awaited rebasing of Africa’s most populous nation showed that Nigeria’s GDP…
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…
Nigeria, Africa’s most populous country and largest oil producer, is set to emerge as the continent’s biggest economy on Sunday when the results of an overdue rebasing of its gross domestic product are announced. Although United Nations statisticians…
The United States added a modest 192,000 jobs in March as the economy emerged from a brutal winter, while the unemployment rate held steady, Labor Department data showed Friday. Job growth in the world’s largest economy was a shade below analysts’ average…
Europe’s main stock markets pushed higher on Friday as jobs data showed the recovery in the US economy is back in form after catching a winter cold. London’s FTSE 100 index climbed 0.56 percent compared with Thursday’s closing value to stand at 6,686…
Turkish Premier Recep Tayyip Erdogan called Friday on the central bank to cut interest rates in order to stimulate the economy as political instability saps momentum. “The central bank should hold an extraordinary meeting to cut (rates) … just as…
Nigeria could leap-frog South Africa to become Africa’s biggest economy this weekend, when the results of a new way of calculating national output are announced. Government statisticians will unveil the new figures on Sunday, with widespread expectations…