In March, the Nigerian private sector witnessed significant challenges due to currency weakness, leading to a surge in purchase costs and subsequent unprecedented hikes in selling prices. This scenario was reflected in the Purchasing Managers’ Index™ (PMI®), a key indicator…
Stanbic IBTC Bank Nigeria PMI signals strong economic recovery in January
In a promising start to 2024, the Nigerian private sector witnessed a robust recovery, as indicated by the latest data from the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The PMI figures for January revealed a notable acceleration in both output…
