Stanbic IBTC Bank Nigeria PMI

‘Nigerian private sector returns to growth in April’

Yusuf Issa An-Nuphawi4 weeks ago03 mins

There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing Managers’ Index titled ‘Nigerian private sector returns to growth in April’, showed key findings that the easing of cash crisis supported renewed rise…

Nigeria’s factory orders, employment plunge in March on cash crunch concern

Yusuf Issa An-Nuphawi2 months ago03 mins

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…

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Stanbic IBTC Bank Nigeria PMI

‘Nigerian private sector returns to growth in April’

Nigeria’s factory orders, employment plunge in March on cash crunch concern