ShareAccording to Stanbic IBTC Bank’s latest Nigeria Purchasing Managers’ Index (PMI) report, the slump in private sector activity, occasioned by severe inflationary pressures, resulted in the country’s PMI dropping further to 46.9 in October 2024 from 49.8 in September. The report also said that the fall in the PMI in October “signalled a marked deterioration...The post Private Sector Credit Momentum Defies MPR Hikes appeared first on New Telegraph.
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