Economic activities expand as PMI hits 52.7pts —CBN

By Babajide KomolafeNigeria’s economic activities expanded for the third consecutive month in August as the Composite Purchasing Managers’ Index (PMI) rose to 52.7 index points, driven by sustained growth in the services and agriculture sectors and a rebound in industrial activity.The Central Bank of Nigeria (CBN), in its August 2026 PMI report, stated: “The composite PMI edged-up from 51.1 index points in July to 52.7 points in August 2026, retaining expansion in overall econo