Business activity in Nigeria is at its lowest in 19 months, fuelled by intense cost pressure and a weak naira, Purchasing Managers Index (PMI) for October reveals.
The most recent monthly PMI by Stanbic IBTC Bank, released on Friday, indicated that the headline index decreased to 46.9 in October
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Chinwe Michael
Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.
