Report Reveals Private Sector Rebounded After March Cash Crunch There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing Managers’ Index titled ‘Nigerian private...

CBN Report Reveals Economy Contracted In November   Economic activities contracted in November as the Purchasing Managers’ Index fell below 50.0, according to reports obtained from the Central Bank of Nigeria. The CBN stated in reports of members of the Monetary Policy Committee that there was need...

'Purchase Price Inflation Rises On Forex Challenge'             Unfavourable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria disclosed in its Purchasing Managers Index report for the third quarter of 2021. The report however added that private sector...

Economy Shrank In May Amid Low Purchasing Power – CBN     The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The personal statements of some members of the Monetary Policy Committee indicated...

Private Sector Recorded Growth In April – Report       The Purchasing Managers’ Index report conducted by Stanbic IBTC Bank for the month of April showed that the private sector recorded growth. According to the report, which was released on Thursday, April figure showed a PMI of 52.9. It...

Manufacturing Sector Declines Further By 4.7 points — CBN The nation’s manufacturing sector has recorded further decline as the sustained Central Bank of Nigeria, CBN, latest sector report shows the Manufacturing Purchasing Managers Index (PMI) for January 2021 at 44.9 index points, a 4.7 points...