Browsing Tag
PMI
3 posts
Nigeria records two months of economic growth despite industrial sector slowdown
Nigeria's economic activity grew for a second month in July 2026, driven by gains in agriculture and services, despite a slight contraction in the industrial sector.
Manufacturing rebound in Nigeria faces risk from surging production expenses
Nigeria's manufacturing sector shows signs of stabilization with a rise in the PMI, but experts warn that high energy costs and difficult financing could derail the recovery.
Nigeria records economic recovery while consumer confidence remains low, CBN reports
The CBN reports that Nigeria's economy exited contraction in June due to agricultural growth, though household sentiment remains cautious as citizens prioritize essentials over major investments.