The average PMI for the months of July, August and September (which make up the third quarter) was 45.03 points, according to the Central Bank of Nigeria’s PMI data, the lowest (third quarter) reading in four years
For the second time in five years, Africa’s largest economy is in recession, in what is a painful squeeze for Nigerians, majority of who are impoverished and without jobs.
The Purchasing Manager’s Index (PMI), a leading economic indicator, has confirmed that Nigeria slipped into its second re
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