Nigeria records 13th consecutive monthly economic contraction, says CBN

The Central Bank of Nigeria (CBN) said the Purchasing Managers’ Index (PMI) reading stood at 49.7 points in July, indicating a contraction in economic activities for the 13th consecutive month. This position is contained in the July PMI report released by the apex bank yesterday. The CBN, however, said the index shows improvement compared to [...]The post Nigeria records 13th consecutive monthly economic contraction, says CBN appeared first on The Guardian Nigeria News - Nigeria and World News.

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