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Nigeria’s private sector growth hits 29-month high at 54.3 – Report

Nigeria’s private sector recorded its strongest improvement in business conditions in 29 months in August 2026, driven by a surge in new orders, stronger output and improved customer demand.

  • Nigeria's private sector growth hits 29-month high at 54.3 in August 2026
  • Stanbic IBTC Bank Nigeria Purchasing Managers Index surges to joint-highest level in 29 months
  • Higher operating costs and lower private sector confidence noted despite positive outlook

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