The Central Bank of Nigeria (CBN)’s Composite Purchasing Managers’ Index for the month of August has weakened to 53.6, representing a reduction in the index from previous month’s 54.1, according to data by its Statistics Department. A composite PMI above 50 points shows that the manufacturing and non-manufacturing economy is generally expanding, with 50 points … Continue reading CBN PMI berths at 54.1points as forex reserves rise to $31.59bn