manufacturing growth
Warning: Businesses hit by rising costs despite growth
Nigerian businesses recorded moderate growth in August 2025, but rising costs continue to cast a shadow over profitability and investor sentiment, according to the latest NESG–Stanbic IBTC Business Confidence Monitor (BCM). The report showed that the Current Business Index (CBI) climbed to 107.3 points in August, up from 105.4 in July, reflecting improvements in manufacturing, […]
Nigeria Records 3.7% Economic Growth in First Half of 2025 – Report
Nigeria’s economy has recorded a 3.7 percent year-on-year growth in the first half of 2025, buoyed by increased crude oil production and improved business activity in key sectors, according to the latest Stanbic IBTC Bank Purchasing Managers’ Index (PMI) report released on Tuesday. The report, compiled by S&P Global, offers encouraging signs for the economy […]