South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions. Based on gross domestic product at the end of 2015 published by the International Monetary Fund, the size of South Africa’s economy is $301 billion at the rand’s current exchange rate, while Nigeria’s GDP is $296 billion. That’s after the rand gained more than 16 percent against the dollar since the start of 2016, and Nigeria’s naira lost more than a third of its value after the central bank removed a currency peg in June.

The Securities and Exchange Commission, SEC yesterday disclosed that it has extended the recapitalisation deadline for Capital Market Operators (CMOs) and as well as the free registration of e- Dividend Mandate Management System (e-DMMS) exercise for investors to December 31st, 2016.

ABUJA—Even with the unprecedented hunger hitting Nigerians below the belt, the Federal Government, yesterday, insisted that the country must keep up with the rest of the world in digital broadcasting.

No fewer than 15 prison inmates serving different jail terms Tuesday night, allegedly escaped from Nsukka Prisons, in Enugu State scaling through the perimeter fence of the prison under the cover of darkness.

Ongoing combined military and police action against pipeline vandals in the creeks of Arepo, Ogun State and parts of Ikorodu in Lagos State is another demonstration of the Federal Government’s determination to crack down on criminals wherever they congregate.