The Central Bank of Nigeria (CBN) reported a marked strengthening of domestic economic activity in December 2025, with the Composite Purchasing Managers’ Index (PMI) remaining above the 50‑point expansion threshold. The December 2025 PMI Survey showed the Composite Index at 57.6 points, the highest momentum recorded in about five years. This sustained improvement reflects continued expansion across major employment‑generating sectors.
Sectoral PMI readings indicated broad‑based growth: agriculture posted a robust 58.5 points, industry recorded 57.0 points, and the services sector stayed in positive territory at 51.9 points. Moreover, 32 of the 36 subsectors monitored reported expansions in key indicators such as production levels, new business orders, and employment.
The CBN attributed the stronger PMI performance to ongoing macro‑economic stabilization measures, which have improved the operating environment and bolstered business confidence. These reforms have supported job creation, production efficiency, and overall optimism about economic prospects in the fourth quarter of 2025. The apex bank highlighted that the results underscore 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 moves into the new year. CBN Acting Director of Corporate Communications Hakama Sidi Ali described the results as a positive indication of the country’s economic trajectory. The findings align with the CBN’s efforts to stimulate growth through targeted interventions and policy measures.
In recent years, Nigeria has pursued initiatives to diversify its economy, promote private‑sector growth, and improve the business environment. Economic expansion has been driven largely by the non‑oil sector, which has shown resilience amid global uncertainty. The latest PMI survey suggests this trend will continue, with the services sector in particular displaying signs of sustained growth.
Overall, the CBN’s December PMI survey offers a positive outlook for Nigeria’s economy, indicating potential for continued growth and development in the coming year. As the country navigates a rapidly changing global economy, the CBN’s focus on macro‑economic stability and business confidence will play a crucial role in shaping Nigeria’s economic trajectory.
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