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STANBIC IBTC BANK NIGERIA PMI
Nigeria’s private sector sustained its growth momentum into the second quarter of 2025, as strong customer demand underpinned another solid expansion in business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI®) report.
The purchase cost inflation in Nigeria reached a five-month high in August 2024, driven primarily by the continued depreciation of the naira.