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Nigeria’s industrial sector slipped into contraction in August 2025, with activity falling to 49.1 index points in the Central Bank of Nigeria’s (CBN) latest Purchasing Managers’ Index (PMI) report. The CBN said the decline was driven by contractions in 10 out of 17 subsectors surveyed. Output…
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CBN reports decline in industry sector activity for August
Obinna Ezugwu
01:20
Nigeria’s industrial sector slipped into contraction in August 2025, with activity falling to 49.1 index points in the Central Bank of Nigeria’s (CBN) latest Purchasing Managers’ Index (PMI) report. The CBN said the decline was driven by contractions in 10 out of 17 subsectors surveyed. Output…
