Nigeria’s personal sector expanded at its quickest tempo in 2025 in December, with the Composite Buying Managers’ Index (PMI) rising to 57.6 factors.
That is in response to the most recent PMI report launched by the Central Bank of Nigeria (CBN).
The December studying represents an enchancment from 56.4 factors in November, signaling accelerating financial exercise throughout main sectors of the economic system.
The CBN famous that the most recent PMI determine marks the strongest growth recorded up to now in 2025.
What the information is saying
A more in-depth have a look at the PMI sub-indices exhibits broad-based enhancements. The Output Index rose to 60.0 factors, reflecting larger manufacturing ranges, whereas the New Orders Index climbed to 58.7 factors, indicating stronger demand situations.
The Employment Index elevated to 54.2 factors, suggesting continued job creation, whereas Uncooked Supplies Stock stood at 54.5 factors, pointing to raised inventory availability. Suppliers’ Supply Time improved considerably to 58.2 factors, highlighting enhanced provide chain effectivity.
By sector, the Business PMI settled at 57.0 factors, with 14 of the 17 industrial subsectors recording growth.
Transportation tools recorded the strongest progress, whereas paper merchandise posted probably the most pronounced contraction, although the CBN famous that these contractions have been marginal.
“Total, the December 2025 PMI knowledge confirmed a sustained growth in financial actions throughout all sectors, outperforming all earlier sectors recorded in the course of the yr,” the report acknowledged.
What this implies
The December PMI knowledge factors to strengthening enterprise confidence and sustained financial restoration throughout Nigeria’s key productive sectors.
Rising output, stronger demand, improved logistics, and regular employment progress recommend that private-sector exercise is gaining momentum heading into 2026.
The Companies PMI stood at 56.4 factors, marking its eleventh consecutive month of growth, whereas the Agriculture PMI rose to 58.5 factors, extending its progress streak to seventeen consecutive months, the longest within the PMI sequence.
Taken collectively, the CBN’s PMI readings reinforce expectations of continued growth in Nigeria’s personal sector, supported by enhancing working situations, resilient shopper demand, and extra environment friendly provide chains.
What it’s best to know
Earlier, Nairametrics reported that Nigeria’s Composite Buying Managers’ Index (PMI) climbed to 56.4 index factors, up from 55.4 in October.
Progress in all main sectors—business, companies, and agriculture—alerts an economic system that’s increasing on a number of fronts.
A CBN survey exhibits that insecurity, excessive taxes, and unreliable energy provide remained Nigeria’s prime enterprise challenges, regardless of stronger confidence and progress expectations.
The prominence of those constraints stands in distinction to the widely optimistic outlook reported by corporations.
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