Nigeria is still Africa’s top economy, even after a 30% devaluation on the naira last month knocked almost $150 billion off its gross domestic product when measured in dollar terms. South Africa, who has regained second place after overtaking Egypt, is closing the gap. While its economy also shrank because rand weakened, the gap with Nigeria has narrowed to $60 billion now from $170 billion after 2015.
? 2016 Bloomberg
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