Nigeria Private Sector PMI Rises in July as Agriculture, Services Expand

Nigeria’s CBN PMI rose to 51.1 in July 2026, sustaining private sector expansion.

Expansion was driven by strong growth in the Agriculture and Services sectors.

The Central Bank retained the benchmark interest rate at 26.5% to curb inflation.

June headline inflation eased slightly to 15.91%, reducing business input cost pressures.

Nigeria Private Sector PMI Rises in July as Agriculture, Services Expand

Nigeria’s CBN PMI rose to 51.1 in July 2026, sustaining private sector expansion.

Expansion was driven by strong growth in the Agriculture and Services sectors.

The Central Bank retained the benchmark interest rate at 26.5% to curb inflation.

June headline inflation eased slightly to 15.91%, reducing business input cost pressures.

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