Business activity in Nigeria hits lowest in 4months on rising prices

Business activity in Africa’s biggest economy has dropped to the lowest in four months according to July’s Purchasing Managers’ Index (PMI) report. In the latest monthly PMI by Stanbic IBTC Bank on Tuesday, the headline PMI remained above the 50.0 no-change mark but dipped to 51.7 in July 2023 from 53.2 in the previous month.
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