Nigeria’s economic activity strengthens in December as PMI hits 57.6 points – CBN

The Central Bank of Nigeria (CBN) has reported a further strengthening of domestic economic activity in December 2025, as the Composite Purchasing Managers’ Index (PMI) maintained its position above the 50-point expansion threshold.

The December 2025 PMI survey released by the apex bank puts the Composite PMI at 57.6 index points, representing the strongest activity momentum recorded in about five years.

The report said that the sustained improvement reflected 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 indicates broad-based growth in output and business activities during the month,” it said.

The survey further indicated that 32 of the 36 subsectors monitored posted expansions in key indicators such as production levels, new business orders, and employment.

According to statement by Hakama Sidi-Ali, acting Director, Corporate Communications Department, the CBN
notes that this outcome highlighted a steady rebound in domestic demand and strengthening productive activities, particularly within the non-oil economy.

“The bank attributed the improved PMI performance to the positive effects of ongoing macroeconomic stabilisation measures, including efforts to enhance the operating environment and support business confidence.

“These reforms continued to bolster job creation, production efficiency, and overall optimism about economic prospects in the fourth quarter of 2025,” she said.

Sidi-Ali said that the December PMI reading reinforced expectations of a stable growth outlook as Nigeria transitions into the new year.