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Nigeria’s Private Sector Expands for Fourth Straight Month

Credit: Unsplash

Ronald Adamolekun

Ronald Adamolekun is a financial journalist with an expansive experience covering markets, energy, banking, tech and the political economy.
  • March PMI rises to 54.3 as inflation pressures ease
  • Firms increase output, hiring and inventories

Lagos, Nigeria – Private sector activity in Nigeria picked up pace for the fourth consecutive month in March, supported by stabilising inflation and a steadier exchange rate, according to the latest Purchasing Managers’ Index (PMI) from Stanbic IBTC Bank.

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