Economic activities expand second straight month despite industry contraction — CBN

By Elizabeth Adegbesan Economic activity in Nigeria expanded for the second consecutive month in July 2026 as the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rose to 51.1 points, although the industrial sector remained in contraction. The CBN disclosed this in its latest PMI report, stating that the composite PMI edged up from the…