Nigeria’s economic activity expanded at a faster pace in December 2025, marking a sharp improvement in business conditions as the Composite Purchasing Managers’ Index (PMI) climbed to 57.6 points, its strongest level in about five years, signalling broad-based growth across the economy as the year ended.
The December 2025 PMI Survey released by the Central Bank of Nigeria (CBN) showed that the composite index remained firmly above the 50-point benchmark that separates expansion from contraction, reflecting sustained momentum in domestic economic activity. The reading points to strengthening output, demand, and employment conditions, underlining a faster pace of economic expansion compared with preceding months.
The report showed that growth was driven by continued expansion across major employment-generating sectors. Agriculture remained the strongest performer, posting a PMI reading of 58.5 points, underscoring resilient farm output and related activities. Industrial activity also strengthened, with the PMI rising to 57.0 points, supported by improved production levels and supply conditions. The services sector remained in expansionary territory at 51.9 points, indicating steady growth in business and consumer-facing activities during the month.