Nigeria's economy has slipped to fourth place in Africa, behind South Africa, Egypt, and Algeria. This is according to a recent forecast by the International Monetary Fund.
Nigeria's economy has slipped to fourth place in Africa, behind South Africa , Egypt , and Algeria . This is according to a recent forecast by the International Monetary Fund. Accordingly, the Washington-based bank World Economic Outlook estimates Nigeria's gross domestic product at $253 billion based on current prices this year, lagging behind Algeria at $267 billion, Egypt at $348 billion, and South Africa at $373 billion.
Similarly, Egypt, one of the emerging world's most-indebted countries and the IMF's second-biggest borrower after Argentina, has also allowed its currency to float, triggering an almost 40 per cent plunge in the pound's value against the dollar last month to attract investment.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African Games 2023 medal ranking: Egypt maintain lead, Nigeria, South Africa, Algeria among top countriesEgypt is currently leading the medal ranking table of the ongoing All African Games in Ghana. As of Thursday afternoon, Egypt were still leading the medal standings through their impressive performances across different events, notably table tennis, wrestling and swimming.
Read more »
Former Bafana captain wants Okon to choose South Africa over Super EaglesErstwhile Bafana Bafana captain, Thulani Hlatswayo, has advised SuperSport United defender, Ime Okon to choose South Africa over Nigeria. Okon was born in South Africa to a Nigerian father. The 20-year-old is eligible to represent both Nigeria and South Africa. Hlatswayo has however advised the young defender to pick South Africa ahead of Nigeria.
Read more »
South Africa denies reports of Broos departing for TunisiaThe South African Football Association (Safa) is adamant Bafana Bafana coach, Hugo Broos, is going nowhere despite a report in the Tunisian media yesterday that the Belgian is set to dump South Africa, reports timeslive.co.za.
Read more »
Super Falcons Squad Named for Olympics Qualifiers Against South AfricaRandy Waldrum, the head coach of the Super Falcons, has announced a squad of 22 players for the final round of Olympics qualifiers against South Africa. The team will be led by Asisat Oshoala, Rasheedat Ajibade, and Chiamaka Nnadozie. The first leg of the encounter will take place in Abuja on April 5.
Read more »
Paris 2024: Waldrum invites Ajibade, Oshoala, 20 others for South Africa clashThe winner over two legs will earn one of Africa’s two tickets to this year’s Women’s Olympic Football tournament in Paris
Read more »
Simon Ndong: Humour gone awry: A post sparks freedom of speech debate in South AfricaIn recent days, social media has been ablaze with discussions over a screenshot posted by the blogger RUMANI on the platform X. This image, originating from the Instagram account of RUMANI, depicted the DA leader John Steenhuisen with their complexion altered to a darker tone.
Read more »