WED APRIL 01 2026-theGBJournal| Nigeria’s private sector maintained a strong growth trajectory in March 2026, with the composite Purchasing Managers’ Index (PMI) rising to 53.2 points, according to the Central Bank of Nigeria (CBN).
The latest reading signals a sustained expansion in aggregate economic activity, marking the 16th consecutive month of growth and reinforcing confidence in the resilience of the domestic economy.
Broad-based expansion across key sectors—Industry (54.0 points), Services (52.0 points), and Agriculture (52.8 points)—underscores the depth and durability of the current upturn.
The synchronized growth across these pillars points to a well-rounded recovery, strengthening the case for a stable and sustainable economic momentum despite lingering macroeconomic headwinds.
Further supporting the upbeat outlook, key sub-indices showed notable improvements during the review period.
Output surged to 55.6 points, while new orders and employment indices settled at 53.1 and 52.1 points, respectively—reflecting increased production activity and a gradual uptick in labor market engagement.
Taken together, the data paints a positive picture for the first quarter of 2026, with rising demand, improving business conditions, and expanding workforce participation setting the stage for continued economic growth in the near term.
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