- Nigeria’s economy expanded in August 2024, breaking a 13-month streak of contraction, says the Central Bank of Nigeria
- Growth driven by services and agriculture sectors, while the industrial sector shows signs of gradual recovery
Nigeria’s economy saw its first expansion in 13 months in August 2024, according to the Central Bank of Nigeria’s latest Purchasing Managers’ Index (PMI) report. The PMI recorded a composite score of 50.2 index points, up from 49.9 in July, signalling an end to over a year of economic contraction.
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