Stanbic IBTC Bank Nigeria PMI: Business Activity Continues To Rise, But Growth Eases To Four-month Low - Brand Spur

Nigeria’s private sector slows to 4-month low as inflation bites – Businessamlive

Onome Amuge Nigeria’s private sector growth softened in May, hitting a four-month low despite continued expansion in business activity. The latest Purchasing Managers’ Index (PMI) report, released by S&P Global on behalf of Stanbic IBTC, indicated a deceleration midway through the second quarter, primarily attributed to elevated inflationary pressures. The headline PMI registered 52.7 in May, remaining above the 50.0 no-change threshold for the …

Nigeria’s Private Sector Growth Slows To 4-Month Low – PMI Report » News.ng

Nigeria’s private sector expansion continued in May, albeit at a slower pace, marking its weakest growth rate in four months, according to the latest Purchasing Managers’ Index (PMI) data compiled by S&P Global for Stanbic IBTC Bank. The survey revealed that while Nigerian businesses maintained positive momentum at the midpoint of the second quarter, signs of a deceleration in economic activity emerged, as inflation continued to pressure operati…

Stanbic Bank Launches End to End Digital Account Opening for Private, Business Customers

Stanbic Bank has announced the launch of ‘Kya Double with Supa Dupa’, a new banking innovation The post Stanbic Bank Launches End to End Digital Account Opening for Private, Business Customers appeared first on TowerPostNews.

Stanbic IBTC Bank Nigeria PMI: Business Activity Continues To Rise, But Growth Eases To Four-month Low - Brand Spur

Although the Nigerian private sector remained in growth territory midway through the second quarter of the year, there were signs of a slowdown in the latest survey period as inflationary pressures remained elevated. Rates of expansion in output and new orders eased in May, while employment dipped for the first time in six months. The headline figure derived from the survey is the Stanbic IBTC Bank Purchasing Managers’ Index (PMI®). Readings abo…