Amid Inflationary Pressures, Nigeria's Business Activities Expand, Hit 6-Month High marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Business activity in Nigeria expanded for the first time in three months in December 2023 despite rising prices, a new Purchasing Managers’ Index (PMI) has
Nigeria: Amid Inflationary Pressures, Nigeria's Business Activities Expand, Hit 6-Month High allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
A reading above 50 indicates an improvement, while that below that threshold means acontraction; the country’s PMI for the month was 48, down from 49.1 the month before.
BUA Foods recorded the highest increase in the cost of raw materials, which was about 78 per cent. Dangote Sugar was one food company whose cost of raw materials actually dipped during the period under review