Nigeria’s Manufacturing Sector Grows 3.24% as Cement, Refining Offset Textile Decline

Nigeria’s manufacturing sector grew 3.24% year-on-year in real terms in Q2 2026, accelerating from 1.60% in the comparable period. Growth in cement production and oil refining offset declines in textiles and vehicle assembly, providing a relevant macroeconomic indicator for NGX-listed industrial and energy companies.