The Stanbic IBTC Bank Purchasing Managers’ Index™ (PMI®) survey for February indicated that cash shortages across the Nigerian economy had a severe impact on the private sector midway through the first quarter of the year. Substantial declines were seen in…
Stanbic IBTC Bank Nigeria PMI® – New order growth hits 6-month high in November
Stanbic IBTC Bank Nigeria has released the Purchasing Managers’ Index™ (PMI®) for the month of November indicating faster rises in output and new orders According to a statement from the lender, inflationary pressures remain elevated, while business confidence is at…
Stanbic IBTC Bank Nigeria PMI: Business conditions improve in July amid strong client demand
A return to growth in output and stronger inflows of new orders helped underpin a further improvement in operating conditions in the Nigerian private sector during July. In turn, according to a statement, businesses increased their purchasing activity at the…
Stanbic IBTC Bank Nigeria PMI® indicates private sector activity growth in April
There was marked and accelerated expansions in output and new orders helped drive a pick-up in growth in the Nigerian private sector during April. The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI®). According to Stanbic…
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…