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NIGERIA’S PRIVATE SECTOR
Nigeria’s private sector recorded its strongest expansion in over a year and a half, as the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) rose to 54.2 in August, up from 54.0 in July, marking a 19-month high in new order growth and a four-month high in output.
Nigeria’s private sector witnessed its strongest employment growth since October 2023 as the Purchasing Managers’ Index (PMI) rose to 54.0 in July 2025, its highest in three months.
Nigeria’s private sector sustained its growth momentum into the second quarter of 2025, as strong customer demand underpinned another solid expansion in business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI®) report.