The Nigerian private sector remained in growth territory at the end of the second quarter, although recent challenges around cash shortages led to weaker new order growth and a renewed decline in output. As a result, business conditions improved at…
Stanbic IBTC’s PMI shows business conditions growth amid stronger client demand
Stanbic IBTC Bank Nigeria has released its Purchasing Managers’ IndexTM (PMI®) report for February showing improvement in business conditions amid stronger client demand. According to a statement by a bank spokesperson, “February data signalled another modest expansion in the Nigerian private…