Nigeria's PMI Hits 56.4 in November, Signaling Full-Year Economic Expansion

Nigeria's Central Bank reported a PMI of 56.4 in November 2025, marking 12 consecutive months of economic expansion. The PMI surge from 55.4 in October highlighted sustained rebound in private sector business activities, with strong growth in agriculture, services, and manufacturing industries.

The report revealed a broad-based expansion across subsectors, reflecting robust demand and improved infrastructure contributing to overall economic activity. The consistent PMI growth suggests a diversified growth base in agriculture, industry, and services, indicating a positive near-term economic outlook.