Tags: Stanbic IBTC Bank Nigeria PMI

Stanbic IBTC Bank Nigeria PMI: Business Conditions Continue To Improve Amid Stronger Client Demand

February data signalled another modest expansion in the Nigerian private sector, underpinned by solid growth in new orders and output. Companies continued to expand their purchasing activity and resumed hiring efforts during the month. Signs of spare capacity were again evident, with a fresh record reduction in backlogs registered. Meanwhile, unfavourable exchange rate movements, higher…