Nigeria’s economic activity expanded at a faster pace in December 2025, marking a sharp improvement in business conditions as the Composite Purchasing Managers’ Index (PMI) climbed to 57.6 points.
This represents the strongest level in about five years, signaling broad-based growth across the economy as the year ended.
The December 2025 PMI Survey released by the Central Bank of Nigeria (CBN) showed that the composite index remained firmly above the 50-point benchmark that separates expansion from contraction.
According to the report, growth was driven by continued expansion across major employment-generating sectors. Agriculture remained the strongest performer, posting a PMI reading of 58.5 points, underscoring resilient farm output.
Industrial activity also strengthened, with the PMI rising to 57.0 points, supported by improved production levels and supply conditions. The services sector remained in expansionary territory at 51.9 points, indicating steady growth in business and consumer-facing activities.
According to the survey, 32 out of the 36 subsectors tracked recorded expansions in key indicators, including production, new business orders, and employment.
In a statement signed by Hakama Sidi Ali, acting director of Corporate Communications, the CBN attributed the stronger performance to ongoing macroeconomic stabilization measures aimed at improving the operating environment.
“The December PMI reading reinforces expectations of a stable and improving growth outlook as Nigeria transitions into the new year,” the statement read.