Nigeria’s Business Activity Hits Seven‑Month Low Amid Sweeping Economic Reforms
Abuja, July 1, 2025 — Nigeria’s business environment contracted to its weakest level in seven months, a recent Purchasing Managers’ Index (PMI) survey by Stanbic IBTC Bank reveals, as the private sector reels from high inflation and reform pressures. The headline PMI, pegged at 49.0 in May, slipped below the 50.0 threshold for the fifth