The naira notes scarcity in Nigeria continued to have a severe impact on business conditions as it contracted for the second consecutive time in March 2023, according to the latest Purchasing Managers’ Index (PMI).
The monthly PMI by Stanbic IBTC Bank shows that the headline PMI declined to 42.
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
