December 30, (THEWILL) — Nigeria’s domestic economic activity gained strong momentum in December 2025, with the Composite Purchasing Managers’ Index (PMI) climbing to 57.6 points.
The reading, released by the Central Bank of Nigeria (CBN) on Tuesday, December 30, 2025, marks the strongest economic expansion recorded in 2025 and the thirteenth consecutive month of growth.
The December index rose from 56.4 points in November, signaling a broad-based expansion across all key sectors.
According to the apex bank, the performance provides robust evidence of a sustainable growth momentum heading into the new year.
Out of the 36 subsectors monitored, 32 reported expansions in production levels, new business orders, and employment.
Sectoral data identified the agriculture sector as the strongest performer with a PMI of 58.5 points, marking its seventeenth consecutive month of expansion.
The industry sector hit a five-year high, rising to 57.0 points—its strongest level since March 2020—while the services sector maintained a positive trajectory at 56.4 points, recording growth for the eleventh consecutive month.
The CBN, in a statement signed by its Acting Director of Corporate Communications, Hakama Sidi Ali, attributed the surge to ongoing macroeconomic stabilization measures.
These efforts, including foreign exchange market reforms and monetary policy adjustments, have reportedly bolstered investor confidence and supported a steady rebound in domestic demand.
Key components of the composite index also reflected this upward trend.
Output increased to 60.0 points, new business orders rose to 58.7 points, and employment expanded to 54.2 points, suggesting active job creation across the non-oil economy.
Furthermore, the suppliers’ delivery time index stood at 58.2 points, indicating significantly improved supply-chain efficiency during the festive period.
THEWILL reports that this year-end surge aligns with the Federal Government’s recent scorecard, which highlighted a decline in headline inflation to 14.45% in November and a strengthening of external reserves to over $44 billion.
The CBN maintains that the current PMI performance reinforces a positive economic outlook for the first quarter of 2026.
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