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CBN’s Nigeria PMI – October 2016 Data: Slowing Decline in Business Conditions

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  CBN logo         Nigeria’s manufacturing and non-manufacturing activities contracted in October, but at slower pace compared to September, according to the Central Bank of Nigeria’s (CBN) survey. In the month under review, the CBN’s manufacturing and non-manufacturing Purchasing Managers’ Indices (PMIs) picked up to 44.1 and 43.4 respectively. While acknowledging the ...

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