Nigeria’s PMI falls to 49.4 as economy contracts in April
Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index fell to 49.4, marking the first decline after…
PMI
CBN reports 14th straight month of economic expansion
Nigeria’s economic activity sustained a strong growth momentum in January 2026 as the Central Bank of Nigeria’s composite Purchasing Managers’ Index climbed…
Private sector growth persists as PMI closes 2025 strong
The Stanbic IBTC Purchasing Managers’ Index report has shown that Nigeria’s private sector sustained its growth momentum at the end of 2025,…
Africa urged to improve project management after $555m USAID cut
The Managing Director for Sub-Saharan Africa at the Project Management Institute, George Asamani, has urged African governments, including Nigeria, to strengthen project…
Inflation causes decline in private sector productivity, employment – PMI
By Melvin Onwubuke The Purchasing Managers’ Index of the Stanbic IBTC Bank said The productivity of the private sector of the…
FX drives business costs to highest in 10 years
Due to the February weakening in the currency rate, businesses in Nigeria saw the biggest increase in input costs in a decade.…
PMI rises to 52.7 in December – Report
The most recent Stanbic IBTC PMI survey has revealed that the business environment in Nigeria improved in December 2023, with the Purchasing Managers Index…
Inflationary pressures hurting business growth – Stanbic IBTC’s PMI
The Stanbic IBTC’s Purchasing Power Index, PMI, data published yesterday, has revealed that the removal of Nigeria’s fuel subsidy may have reduced business confidence…