Nigeria’s PMI Remains in the Expansion Phase in May 2025
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Nigeria’s PMI Remains in the Expansion Phase in May 2025
The Central Bank of Nigeria (CBN) reported an overall Purchasing Managers’ Index (PMI) of 52.1 points in May 2025, indicating expansion in Nigeria’s private sector. Although there was a decrease from 52.2 in April 2025 to 522.1 in May 2025, the PMI has remained above the 50.0 threshold throughout 2025, signalling sustained growth in business activity.
According to the CBN, a PMI reading above 50.0 indicates expansion, below 50.0 signals contraction, and exactly 50.0 denotes no change in business conditions. Although the index recorded a slight decline from its April and March 2025 levels, it remains above the 50-point mark.
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