Nigerian Private Sector PMI Hits 54.2 Points in August, Signaling Growth
The Nigerian private sector recorded a PMI of 54.2 points in August, indicating sustained growth driven by increased customer demand and softer inflationary pressure. The Stanbic IBTC Bank Purchasing Managers Index report highlighted the ninth consecutive month of improvement.
Output and new orders saw significant expansion, with firms reporting stronger customer demand and willingness to undertake new projects. While output increased across most sectors, job creation softened slightly.
The report emphasized the positive impact on business conditions since April, with the private sector showing resilience and growth. This sustained improvement signifies a strengthening economy and business environment in Nigeria.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian PMI Report Shows Sector Growth Except Manufacturing in August 2025
Nigeria's Business Confidence Surges to 107.9 Points, Agriculture Sector Shows Remarkable Turnaround
Nigeria's Job Creation Slows Despite Rising Demand - P Global Report Reveals
Nigeria's Business Confidence Soars in September 2025: Agriculture and Manufacturing Sectors Thrive
Nigeria's Business Performance Index Rises to 107.3 in August 2025
Nigeria's Economy Surges to 4-Year High in Q2 2025 - NBS Report
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
