Tag: Purchasing Managers Index
FBNQuest’s February manufacturing Purchasing Managers’ Index for Nigeria slipped to 51.7 from 53.6 in January. Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa to discuss what influenced the decline.
Nigeria’s manufacturing sector expanded for the thirtieth consecutive month as September Purchasing Managers Index (PMI) stood at 57.7 index points, and grew at a slower rate when compared to the index in August. To discuss this and review today’s trading at Nigeria’s equities market, Dare Fajimolu, Chief Research Officer at Blue Vertex joins CNBC Africa for more.
FBNQuest’s July manufacturing Purchasing Managers’ Index (PMI) for Nigeria sank slightly to 49.5 points from 49.9 in June. To discuss what influenced the decline, Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa for more.
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The move was largely welcomed by businesses, which had struggled to obtain dollars amid strict capital controls.