Services, Agric, Industry Boost Economy as Activity Expands For 4th Month

Nigeria’s economic activity expanded for the fourth consecutive month in September, driven largely by sustained growth in the Services and Agriculture sectors, even as industrial activity strengthened during the period.
The Central Bank of Nigeria’s September 2026 Purchasing Managers’ Index, PMI, showed that the Composite PMI rose to 53.0 points from 52.7 points in August, indicating continued expansion in business activities.
According to the report, “the September 2026 PMI points to a strengthening recovery in economic activity, buoyed by sustained expansions in the Services and Agriculture sectors and improved performance in the Industry sector.”
The expansion was broad based, wi...