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    PMI Drop Shows Consumers Are Struggling, Not Businesses

    1 day ago

    New data from Stanbic IBTC Bank and S&P Global shows that Nigeria’s private sector started 2026 with a significant slowdown in activity. The headline Purchasing Managers’ Index (PMI), a key measure of business status, fell to 49.7 in January. This is a sharp drop from 53.5 in December 2025, marking a contraction for the first … The post PMI Drop Shows Consumers Are Struggling, Not Businesses appeared first on Business Elites Africa.
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