Nigeria’s private sector closed 2025 on a strong note as business activity expanded at its fastest pace of the year in December, according to the latest Purchasing Managers’ Index survey by the Central Bank of Nigeria.
The Composite PMI rose to 57.6 points in December, up from 56.4 in November, reflecting accelerating momentum across key segments of the economy. The CBN described the reading as the strongest expansion recorded in 2025, underlining improved operating conditions for businesses.
Key indicators within the survey showed broad based growth. Output strengthened sharply as production levels increased, while new orders rose on the back of firmer demand. Employment continued to edge higher, pointing to sustained job creation, and inventory levels improved, suggesting better access to raw materials. Faster suppliers’ delivery times also highlighted easing supply chain constraints.
The News Chronicle gathered that industry activity remained resilient, with most manufacturing subsectors recording expansion. Transportation equipment led growth, while only mild contractions were observed in a few areas such as paper products. Services and agriculture also maintained steady growth, extending their expansion streaks into double digit months.
Overall, the December PMI data signals rising business confidence as Nigeria heads into 2026. Stronger output, improving logistics and consistent employment gains suggest the private sector is gaining traction, even as firms continue to navigate challenges such as power supply, taxation and security concerns.
