Nigeria’s manufacturing sector remains endangered despite 50.5% PMI rise

Tribune OnlineNigeria’s manufacturing sector remains endangered despite 50.5% PMI riseNigeria’s manufacturing sector continues to face significant difficulties despite a reported rise in the Purchasing Managers’ Index (PMI) to 50.5 percent in September 2024. This growth, while seemingly positive, obscures deeper structural problems that plague the sector. According to recent data published by the Central Bank of Nigeria (CBN), industrial activity in the sector contracted [...]Nigeria’s manufacturing sector remains endangered despite 50.5% PMI riseTribune Online

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