South Africa is now the biggest economy in Africa after overtaking
Nigeria in the race. The rating was in terms of dollar following the
devaluation of the Nigerian naira and introduction of a flexible
foreign
exchange regime. The South Africa's currency, rand has since appreciated
Using the Gross Domestic Product (GDP) at the end of 2015 published by the International Monetary Fund. Reports has it that the size of South Africa’s economy was $301 billion at the rand’s current exchange rate, while Nigeria’s GDP was put at $296 billion.
The South Africa's rand has gained more than 16 per cent against the US currency since the start of 2016, while in contrast, Nigeria’s naira has lost more than a third of its value.
............... ....
Edited by: Endy Edeson
Photo News Editor: Endy Edeson
Read More News Stories on my News Blog
www.EndyEdesonN ews.Blogspot.co m
...,,,,,,,,,,,, ,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,, ,,,,,,
**Visit My Technology Blog**
For Business Tips, Career Tips, Motivation and lots more
www.EdesonInfoT ech.blogspot.co m
..
FACEBOOK COMMENTS
exchange regime. The South Africa's currency, rand has since appreciated
Using the Gross Domestic Product (GDP) at the end of 2015 published by the International Monetary Fund. Reports has it that the size of South Africa’s economy was $301 billion at the rand’s current exchange rate, while Nigeria’s GDP was put at $296 billion.
The South Africa's rand has gained more than 16 per cent against the US currency since the start of 2016, while in contrast, Nigeria’s naira has lost more than a third of its value.
...............
Edited by: Endy Edeson
Photo News Editor: Endy Edeson
Read More News Stories on my News Blog
www.EndyEdesonN
...,,,,,,,,,,,,
**Visit My Technology Blog**
For Business Tips, Career Tips, Motivation and lots more
www.EdesonInfoT
..
FACEBOOK COMMENTS
Clement Heart
Not true
Endy Edeson
so, why? is the dollar exchange rate not worth rating? @heart
Danny Gold
Congrats to S. A
Endy Edeson
@danny : are you from South Africa?
Salako Saint's Stephen
Just beginning, Togo is coming
Danny Gold
Am
not but i spend time there more than i do in 9ja... Besides must i come
from them before i can be Happy for them on their economic improvement?
Nigerians are now suffering because of the self acclaimed
incorruptible and saint president they have
Jeremiah Ademolu
Long overdue, unlike big for nothing Nigeria.
Clement Heart
Is not the president issue
Clement Heart
All Nigerians
Eze Solomon Emeka
Yes, all Nigerians who voted for the president are culpable 😂
Next time people will look out for competency and not just a hypocritical "integrity". Such is not enough to run a nation.
Next time people will look out for competency and not just a hypocritical "integrity". Such is not enough to run a nation.
Chimmy Ellis Biafran
Kitikpa rachaa gi anya na today you know am
Kingin Richie Carter
with time,we will hit the top....that i believe
Chimmy Ellis Biafran
Dreams that never come true
Kingin Richie Carter
stay alive and see my words come true!!!!!
Chimmy Ellis Biafran
Hehehehehe
Chimmy Ellis Biafran
1984 propaganda
Jamil Imodibie
Overtaking is free
Mazi Uche Chimadaada
No be today naa
Endy Edeson
@jamil:
loosely speaking. "HORN BEFORE OVERTAKING?** South Africa did HORN
before Overtaking Nigeria without committing any crime or "Driving One
Way". So, like you said Overtaking is free when it's done the right way
Japheth Onyedikachi Nwadiogor
I'm making plans to leave Nigeria for Buhari
Ezeji Nnecky Chidinma
That's
what happens when Nigerians left Moses and followed Aaron,shebi we want
change,we don get am,soon it will be d last on d list