Stanbic IBTC Bank Nigeria PMI dips to 17-month low in June

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…

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