Nigeria’s private sector growth hits 19-month high as demand surges and inflation eases
Nigeria’s private sector recorded its strongest expansion in over a year and a half, as the Stanbic IBTC Bank Purchasing ...
Tag: Purchasing Managers’ Index
Nigeria’s private sector hiring hits 21-month high, PMI rises to 54 in July – Report
Nigeria’s private sector witnessed its strongest employment growth since October 2023 as the Purchasing Managers’ Index (PMI) rose to 54.0 ...
Stanbic IBTC predicts 200 bps cut in Nigeria’s interest rates for 2025
The latest Purchasing Managers' Index (PMI) report from Stanbic IBTC Bank has noted that, alongside structural reforms and the removal ...
Nigeria’s business confidence rises as PMI hits 52.0 in January 2025
Nigerian businesses are maintaining strong confidence in the economy, despite a slight moderation in growth, as the Stanbic IBTC Bank ...
PMI hits 51.0 in December 2024 after months of economic contraction – CBN
Nigeria’s Purchasing Managers’ Index (PMI) for December 2024 rose to 51.0 index points, signaling a return to expansion in economic ...
Economic activities rebound in Nigeria after 13-month decline – CBN report
Economic activities in Nigeria have shown a positive turn for the first time in over a year, according to the ...
Nigerian businesses are reducing workforce, CBN data reveals
The Central Bank of Nigeria's (CBN) latest Purchasing Managers' Index (PMI) report for July 2024 reveals that the Composite Employment ...
Nigeria’s Purchasing Managers’ Index contracts for the 13th consecutive month – CBN
The Central Bank of Nigeria's (CBN) Purchasing Managers' Index (PMI) report for July indicates a continued contraction in economic activities, ...
Central Bank of Nigeria has stopped publishing data that is used for predicting recession
Economists and analysts looking to assess the state of the Nigerian economy are struggling to rely on data to predict ...
CBN says the Uptick in PMI Indicates progressive economic recovery in Nigeria
The Central Bank of Nigeria (CBN) stated that the increase in Manufacturing Purchasing Managers’ Index (PMI) is reflective of the ...
