FX.co ★ Nigeria Private Sector Growth Remains Robust

In December 2025, the Stanbic IBTC Bank Nigeria PMI registered a slight dip to 53.5, down from 53.6 in November, yet it continued to indicate a robust monthly performance. Increases were observed in new orders, output, and purchasing activities, highlighting a rise in customer demand. Employment levels also saw a rise, although the pace of job creation remained minimal. On the pricing front, there was a slight uptick in inflationary pressures in December, though they hovered near recent lows. Significantly, business confidence saw a notable boost, reaching a six-month peak, driven by strategic initiatives such as planned investments for business growth, the inauguration of new branches, and efforts to enhance product exports.