Inflationary Pressures Hamper Business Operations

Inflationary Pressures Hamper Business Operations …C0NTINUE READING HERE >>>

Business activities in Nigeria have fallen for the fifth consecutive month in November as inflationary pressures remain elevated.

The latest monthly PMI by Stanbic IBTC Bank released on Monday showed the headline index declined to 49.6 in November from 46.9 in October.

The PMI reading above 50.0 signals an improvement in business conditions, while those below show deterioration.

The report attributes the sustained decline to persistent inflation and muted demand conditions, which…

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