The Central Bank of Nigeria (CBN) has reported a significant strengthening of domestic economic activity in December 2025, with the Composite Purchasing Managers’ Index (PMI) maintaining its position above the 50-point expansion threshold. According to the December 2025 PMI Survey, the Composite Index stood at 57.6 index points, representing the strongest activity momentum recorded in about five years.
The survey, released by the CBN, indicates that the sustained improvement reflects continued expansion across major employment-generating sectors. Sectoral PMI readings showed that agriculture remained robust at 58.5 points, industry recorded 57.0 points, while the services sector remained in positive territory with 51.9 points. This suggests broad-based growth in output and business activities during the month. Furthermore, 32 of the 36 subsectors monitored posted expansions in key indicators such as production levels, new business orders, and employment.
The CBN attributed the improved PMI performance to the positive effects of ongoing macroeconomic stabilization measures, including efforts to enhance the operating environment and support business confidence. These reforms have continued to bolster job creation, production efficiency, and overall optimism about economic prospects in the fourth quarter of 2025. The apex bank noted that the outcome highlights a steady rebound in domestic demand and strengthening productive activities, particularly within the non-oil economy.
The December PMI reading reinforces expectations of a stable growth outlook as Nigeria transitions into the new year. The CBN’s Ag. Director, Corporate Communications, Hakama Sidi Ali, stated that the results are a positive indication of the country’s economic trajectory. The survey’s findings are also consistent with the CBN’s efforts to stimulate economic growth and development through targeted interventions and policy measures.
In recent years, Nigeria has implemented various initiatives aimed at diversifying its economy, promoting private sector growth, and improving the business environment. The country’s economic growth has been driven largely by the non-oil sector, which has shown resilience in the face of global economic uncertainty. The latest PMI survey suggests that this trend is likely to continue, with the services sector, in particular, showing signs of sustained growth.
Overall, the CBN’s December PMI survey provides a positive outlook for Nigeria’s economy, with the potential for continued growth and development in the coming year. As the country navigates the challenges of a rapidly changing global economy, the CBN’s efforts to stabilize the macroeconomic environment and support business confidence are likely to play a crucial role in shaping Nigeria’s economic trajectory.
