Stanbic IBTC Bank Nigeria PMI Indicates Business Conditions Improved In October 

LAGOS  – The start of the fourth quarter revealed a solid improvement in the health of Nigeria’s private sector as the output and new orders rose sharply while purchasing activity increased at an accelerated pace, Stanbic IBTC Bank Nigeria PMI report has said. 

The report also indicated that the backlogs increased for the second month in a row, with sustained accumulation of outstanding business suggesting that hiring activity could continue in the months ahead.