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Nigeria’s PMI drops to 51.1 points in May

FBNQuest Manufacturing Purchasing Managers’ Index for Nigeria showed a decline to 51.1 index points in May from 53 points in April. FBNQuest PMI report notes that the persistent economic challenges have impacted consumer behaviour, hence the fragile consumer demand. Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa for more.

Tue, 01 Jun 2021 14:34:43 GMT
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