Tags: Stanbic IBT

Stanbic IBTC Bank Nigeria PMI hits 18-month High in July, Amid Strong Demand Conditions

Nigeria’s private sector began the second half of the year on a positive footing as they continued the run of expansion that began in July 2020. Quicker upticks in output, new orders, purchases and employment supported growth. Despite this, firms were able to keep backlogs at bay, though sentiment did moderate to the weakest since…