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Nigeria’s private sector expands for sixth consecutive month

Daily Trust Aug 4, 2026 · 03:22 WAT
Nigeria’s private sector expanded for a sixth consecutive month in July, supported by stronger new business, although growth moderated from June. The Stanbic IBTC Bank Nigeria PMI, compiled by S&P Global, declined to 52.5 from 53.4, indicating continued expansion in business activity.
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