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Nigeria's Economy Expands: Agriculture Soars, Services Struggle

2/16/2025

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Summary

Story summary

Nigeria's economy showed promising growth in January 2025, with a Purchasing Managers' Index (PMI) of 50.2, marking a second consecutive month of expansion. The industrial sector thrived at 51.3, and agriculture soared to 52.5. Yet, the services sector struggled at 48.6, highlighting persistent supply chain challenges that continue to impact new orders and raw materials.

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Story summary

Nigeria's economy showed promising growth in January 2025, with a Purchasing Managers' Index (PMI) of 50.2, marking a second consecutive month of expansion. The industrial sector thrived at 51.3, and agriculture soared to 52.5. Yet, the services sector struggled at 48.6, highlighting persistent supply chain challenges that continue to impact new orders and raw materials.