The Central Bank of Nigeria (CBN) has reported stronger domestic economic activity in December 2025, with the Composite Purchasing Managers’ Index (PMI) rising to 57.6 points, the highest in about five years. The index remains above the 50-point threshold that indicates expansion.
Sectoral readings showed agriculture at 58.5 points, industry at 57.0 points, and services at 51.9 points, reflecting broad-based growth across employment-generating sectors. Of the 36 subsectors monitored, 32 recorded expansions in production, new orders, and employment.
The CBN said the improved PMI reflects a rebound in domestic demand and stronger productive activities, particularly in the non-oil economy. The apex bank credited ongoing macroeconomic stabilisation measures and reforms for bolstering business confidence and output.
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The survey also reinforced expectations of a stable growth outlook for 2026, with positive effects seen in job creation, production efficiency, and overall economic optimism as Nigeria transitions into the new year.
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