Log in

Have no account yet? Sign up

Create an account

I read and accept the terms of use.

Already have an account? Log in

Reset password

Remember your password? Log in

Terms of use

Terms of use dolor sit amet consectetur, adipisicing elit. Recusandae provident ullam aperiam quo ad non corrupti sit vel quam repellat ipsa quod sed, repellendus adipisci, ducimus ea modi odio assumenda.

Disclaimers

Lorem ipsum dolor sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Limitation on Liability

Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Copyright Policy

Dolor sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

General

Sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Do you agree to our terms? Sign up

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Business confidence rises to 14-month high amid inflation decline in Nigeria

Published on April 02, 2025 at 05:58 AM

Business confidence in Nigeria increased to the highest level in 14 months amid rising demand for their goods and services.

This is according to Stanbic IBTC’s latest Purchasing Managers’ Index (PMI), released Tuesday.

The report showed that the headline index climbed to 54.3 in March, up from 53.7 in Februaryâ€” its highest level since January 2024.

PMI above 50.0 signals an expansion in business activity, while a reading below that threshold indicates a contraction.

“March’s uptick reflects a solid improvement in business conditions for the fourth consecutive month, driven by a sharp increase in new ordersâ€”the fastest in 14 months,”; the report noted.

The report added that the private sector’s performance was pushed by stronger domestic demand, resulting in expanded output across all major sectors, including manufacturing, trade, and real estate.

Rising new orders in a PMI signal increased demand and optimism in the economy, suggesting businesses are receiving more orders and anticipating future growth.

Also, one of the most notable findings in the report was the decline in input cost inflation, which reached its lowest level since May 2023.

The development comes amid declining inflationary pressures in Nigeria.

Recall that the National Bureau of Statistics data showed that Nigeria's headline inflation decreased to 23.18 percent in February from 24.48 percent in January 2025.