Shoppers at the new South African retail giant Shoprite outlet in Kano, northern Nigeria on March 20, 2014. Nigeria has overtaken South Africa as the continent's largest economy with a GDP of US$453bil in 2012, officials said on April 6, 2014 - AFP Photo.
ABUJA: Nigeria on Sunday became Africa's biggest economy, leap-frogging South Africa, after the government announced a long-overdue re-basing of the country's gross domestic product.
The new calculations take into account changes in production and consumption since the last time the exercise was carried out in 1990, including an added focus on communications and the movie industry.
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