Private Sector Expands for Sixth Month, Stanbic PMI Shows

• • 1 min read
Private Sector Expands for Sixth Month, Stanbic PMI Shows

LAGOS — Nigeria's private sector grew for the sixth consecutive month in July, although the Stanbic IBTC Purchasing Managers' Index fell to 52.5 from 53.4 in June. Agriculture and manufacturing performed best, and input cost inflation was the weakest in five months. Stanbic IBTC kept its 2026 growth forecast at 4.1 per cent.

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