The Central Bank of Nigeria, CBN yesterday released its Purchasing Managers Index, PMI Report for November which indicated contraction in economic activities for the second consecutive month.

"All indicators of the Composite PMI recorded declines in the review period. Output, New Orders, Employment, and Stock of Raw Materials stood at 49.6, 48.1 49.0 and ... with the highest contraction ...

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The Services Purchasing Manager's Index (PMI) was down for November, following an increase in October. The index remains ...

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