Nigeria’s Private Sector Plunges Into Contraction As PMI Drops To 49.7

[Aljazirah - Nigeria] - 2/02/2026

Nigeria’s private sector activity slipped into contraction at the start of 2026, as the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index fell to 49.7 in January, down from 53.5 in December 2025, according to the PMI report published on Monday. The PMI reading fell below the 50.0 no-change (…)

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