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Nigeria's Purchasing Managers' Index (PMI) this month showed that business activity in Nigeria remained in expansion territory over the three-month period under study, although with slight fluctuations in momentum. The composite PMI stood at 56.4 points in November, increased to 57.6 points in December, and then moderated slightly to 55.7 points in January 2026. An index above 50 points indicates expansion in economic activity, meaning that all three index readings reflect continued growth in aggregate output. While the slight dip from December to January suggests a moderation in the pace of growth, the index remains comfortably above the 50-point threshold, indicating that economic conditions continued to improve, supported by rising output, new orders, and employment levels across
key sectors.
