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Nigeria Will Be Africa’s Sole Representative In The Top 20 Economies...

AFRICANGLOBE - Nigeria, currently Africa’s biggest economy with a GDP of $510 billion, will be the only African country amongst the 20 largest economies in the world by 2030. This is indicated in a macro-economic projection by the US Department of Agriculture.

African Economies To Perform Better In 2015

AFRICANGLOBE - African economies will continue to grow in 2015 due to private investment and consumption, which have been key drivers of Gross Domestic Product (GDP) over the past years, a new UN report projects.

How Lagos Looked 50 Years Ago

AFRICANGLOBE - Lagos is an ancient maritime town with more than 2,000 years of history. Once Nigeria’s capital, it had a population of a little less than 300,000. But in just about five decades it has grown not only into the continent’s most populous city, but one of the top economic powerhouses.

Africa’s GDP Is Bigger Than You Think

AFRICANGLOBE - When Nigeria declared itself the largest economy in Africa, surpassing South Africa in GDP. According to Nigeria’s National Bureau of Statistics, the GDP numbers had been inaccurate for years. A recalculation by the statistics bureau showed the country’s statisticians were missing almost half of Nigeria’s economic activity.

Why Nigeria Must Trade More With Africa

AFRICANGLOBE - According to experts, Nigeria’s catch up to South Africa will be confirmed by the results of a planned rebasing of the country’s gross domestic product (GDP), with the new figures to be made known in early 2014. “Historically, it has been said that 60 to 70 percent of Nigerians are engaged in agriculture,” Nigeria’s Statistician-General, Yemi Kale was recently quoted as saying.

Nigeria Now Africa’s Leading Economy?

AFRICANGLOBE - Nigeria is likely to take South Africa's position as the continent's largest economy within two years, a Reuters' poll has found. Nigeria's gross domestic product will receive an enormous boost when it is rebased by year end to more accurately reflect changes in the economy over the last two decades.

Nigeria Set to Emerge World’s 13th Leading Economy

AFRICANGLOBE - A recent PwC 2013 report has disclosed that with the oil rich West African nation’s projected rise in Purchasing Power Parity, in terms of Gross Domestic Product, from $2.6 billion to $3.9 billion, Nigeria is on its way to become one of the top 20 leading economies

Nigeria May Emerge World’s 13th Leading Economy By 2050 – PwC

AFRICANGLOBE - Nigeria may occupy the 13th position as one of the leading G20 economies in the World by 2050, a report released by international accounting firm, PricewaterhouseCoopers (PwC) has revealed. The PwC 2013 report disclosed that with the oil rich West African nation’s projected rise in Purchasing Power Parity (PPP), in terms of Gross Domestic Product (GDP), from $2.6 billion to $3.9 billion by 2050, Nigeria is on its way to become one of the top 20 leading economies by the projected year.

Nigeria Attracted $42.6bn Investments In 9 Months

Nigerian President, Goodluck Jonathan has disclosed  that Nigeria’s economy attracted investments worth 6.8 trillion naira ($42.6 billion) in nine months, with Gross Domestic Product...

Nigeria Economic Growth Remains Strong – IMF

The International Monetary Fund (IMF) says Nigeria's economic growth remains strong. It said this in a statement posted on its website after the Executive Board...

Technology Soon to Become Kenya’s Top GDP Earner

Kenya's telecommunications sector could become the greatest contributor to the country's Gross Domestic Product (GDP) in a few years, if the momentum in the...

Angola Disgraces Africa Yet Again – $32 Billion Missing

Angola, which recently offered Portugal a bail-out package heedlessly, is now in the middle of a $32 billion accounting scandal. Before pouring more details let me zero-in on this amount from an African context. This $32 billion, not million, is slightly more than four times the current budget of the government of the United Republic of Tanzania, which is less than $8 billion.

South African Economy 'To Continue Growing'

The South African economy could grow only 0.8% in the third quarter and by 1.7% in the fourth quarter, implying that the country is not likely to enter into recession, Nomura International economic analyst Peter Attard Montalto predicts.

Ghana Now Has the World's Fastest Growing Economy

Ghana's economic growth has been projected to be the fastest-growing in the world for the first half of 2011, by EconomyWatch.com. Ghana's Gross Domestic Product (GDP), which at the time was estimated to have grown 20.146 percent, was far ahead of the 14.337 percent recorded by Qatar as the next fastest-growing country.