Nigeria’s Economy Shows Positive Signs as August PMI Hits 51.7

Nigeria’s Economy Shows Positive Signs as August PMI Hits 51.7

The Central Bank of Nigeria (CBN) has released its Purchasing Managers’ Index (PMI) report for August 2025, indicating a stronger domestic economic outlook. 

The Composite PMI stood at 51.7 points, remaining above the 50 point threshold that separates growth from contraction.

According to the CBN, the figure reflects sustained business expansion across key sectors, signaling resilience in Nigeria’s economy despite prevailing challenges.