Nigeria's PMI Hits 56.4 in November, Marking 12 Months of Expansion in Private Sector

Nigeria's PMI for November 2025 hit 56.4, showing 12 months of continuous expansion in the private sector. The composite PMI rose to 56.4 from 55.4 in October, signaling a broad-based economic expansion.

The Central Bank of Nigeria's report highlighted improvements in production levels, market demand, supply chain performance, and efficient inventory management. The industrial sector's PMI stood at 54.2, with most subsectors experiencing growth.

The service sector's PMI remained robust at 56.8, indicating a resilient service-driven economy. The agriculture sector's PMI was also strong at 58.2, reflecting ongoing improvements in consumer spending and business activities.