CBN: Nigeria’s economic activity expands for third month as composite PMI rises to 52.7

Nigeria's overall economic activity expanded for the third consecutive month in August 2026, according to the Central Bank of Nigeria (CBN). The Composite Purchasing Managers' Index (PMI) rose to 52.7 points from 51.1 points in July, indicating continued growth in the private sector. This positive trend suggests improving business conditions across the economy. The PMI data is a key indicator of economic health.

Read More