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Tag: $253 billion

  • Nigerian economy to drop to fourth largest in Africa – IMF

    Nigerian economy to drop to fourth largest in Africa – IMF

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    by

    Abimbola Fabunmi
    in

    International Monetary Fund (IMF) has forecast that the Nigerian economy will drop to fourth place this year after a series of currency devaluations. The IMF’s World Economic Outlook as reported by Bloomberg, put Nigeria’s gross domestic product at $253 billion based on current prices this year, behind North African powerhouses Algeria at $267 billion, Egypt…