Business activities in Nigeria’s private sector improved further in April 2025, driven by customer demand, a surge in output, and rising employment levels, according to the latest Purchasing Managers’ Index (PMI) survey.
The latest monthly PMI by Stanbic IBTC Bank released on Friday showed the headline index improved to 54.2 in April from 54.3 in March. Readings above 50.0 signal an improvement in business conditions, while those below show deterioration.
“This marks the fifth consecutive month of expansion, representing a good start across the Nigerian economy at the start of the second quarter,” it said.