Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness in industry and services, the Central Bank of Nigeria, CBN, has said in its latest PMI Report released yesterday.

Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the…

The June 2026 BES was conducted between 8 and 12 June, covering 1,900 business enterprises across Nigeria.