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Nigeria’s Economy Surges as PMI Hits Five-Year High

Kehinde Giwa by Kehinde Giwa
January 2, 2026
in Business
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Nigeria’s Economy Surges as PMI Hits Five-Year High
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Nigeria’s economy showed robust growth in December 2025, with the Composite Purchasing Managers’ Index (PMI) reaching 57.6 points, its highest level in about five years.

According to the Central Bank of Nigeria (CBN), this marks the 13th straight month of expansion and reflects strengthening activity across key sectors.

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The growth was broad-based, with the agriculture sector leading at 58.5 points, followed by the industry sector at 57.0 points—its best performance since March 2020—and the services sector remaining positive at 51.9 points.

The CBN attributes the strong performance to ongoing macroeconomic stabilization measures, which have boosted business confidence, job creation, and overall productive activity, reinforcing a stable growth outlook for 2026.

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