CBN report indicates Nigeria’s economic activities expansion in 13 months …C0NTINUE READING HERE >>>
The Central Bank of Nigeria’s Purchasing Managers’ Index (PMI) report for August 2024 showed that businesses recorded their first expansion in 13 consecutive months.
This is according to the report released by the apex bank on Wednesday.
The report showed that the composite PMI for August 2024 stood at 50.2 index points, indicating expansion in economic activities for the first time in 13 consecutive months of contraction.
Accordingly, the sectoral breakdown indicates that the Services…
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