Latest PMI data indicates that the Nigerian private sector continued to recover from the cash crisis in May as access to money improved and business conditions returned to normality. Output and new orders expanded for the second month running, with…
Stanbic IBTC Bank Nigeria PMI® Cash shortages lead to sharp decline in business activity
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…