Nigeria’s factory orders, employment plunge in March on cash crunch concern
Nigeria’s Purchasing Manager Index, PMI, which measures the prevailing direction of economic trends in manufacturing sector, shrank for the second month in a row in March, 2023 no thanks to the lingering cash crunch in the country. A Stanbic IBTC Bank report indicated that the countrys factory activity was 42.3 for March, sloping from 44.7…