Manufacturing Records Strongest Expansion in August, NESG Says

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Manufacturing Records Strongest Expansion in August, NESG Says

LAGOS — Nigeria's manufacturing sector recorded its strongest business expansion in August, according to the Nigerian Economic Summit Group's Business Confidence Monitor. The overall business performance index rose to 112.7 from 108.6 in July, with manufacturing at 120.4. Crude petroleum went into contraction. Businesses cited power, financing, rent and insecurity as their main constraints.

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