Hello Nollywood: how Nigeria became Africa's biggest economy overnight

Nigeria's GDP has been revised up by 89%. Here are five things this tells us about the finances of Africa's most populous nation

Nigeria is now officially Africas biggest economy. Its GDP was revised up by to £307bn this week, after economists re-adjusted the way they calculate the figures for more than 24 years. Most other countries go through this process (known as "rebasing") every five years.

The new number now incorporates the revenues from Nigeria's newest business sectors, including its booming film, music, telecoms and e-commerce industries, which had been previously been overlooked for more than two decades.

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source Guardian