‎Nigeria’s PMI Rises to 55.7 in January – CBN
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‎Nigeria’s economy expanded for the fourteenth consecutive month in January 2026 as the Composite Purchasing Managers’ Index (PMI) stood at 55.7 points, according to the Central Bank of Nigeria (CBN).
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‎The report showed broad-based growth across industry, services, and agriculture, with 31 of 36 subsectors recording expansion. The industry sector posted 56.0 points, driven by strong output and new orders, while services registered 54.5 points, marking its twelfth straight month of growth.
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‎Agriculture maintained momentum with 54.2 points, its eighteenth consecutive month in expansion, led by livestock. Key indicators such as output, new orders, employment, and raw materials inventories all rose, while suppliers’ delivery time improved to 60.4 points, reflecting greater efficiency.
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‎Input prices remained higher than output prices across sectors, suggesting cost pressures despite easing selling prices.
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‎Economic Confidential gathered that the broad-based expansion across 31 subsectors signals resilient demand, improved supply chain performance, and a positive outlook for Nigeria’s economy in the first quarter of 2026.
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