CBN Nigeria’s economic activity recorded its strongest momentum in nearly five years in December 2025, as the Composite Purchasing Managers’ Index (PMI) rose to 57.6 points, according to the Central Bank of Nigeria (CBN).
The PMI remained well above the 50-point benchmark that indicates expansion, reflecting sustained growth across key sectors of the economy.
Data from the December PMI Survey showed that agriculture continued to lead the expansion with a reading of 58.5 points, while the industrial sector posted 57.0 points. The services sector also remained in positive territory at 51.9 points, pointing to broad-based improvements in business activity.
The CBN said 32 out of the 36 subsectors monitored recorded expansion in major indicators, including output levels, new business orders and employment. The performance, the Bank noted, highlights a steady rebound in domestic demand and strengthening productive activities, particularly within the non-oil economy.
According to the apex bank, the improved PMI performance reflects the impact of ongoing macroeconomic stabilisation measures aimed at improving the operating environment and restoring business confidence. These reforms have continued to support job creation, enhance production efficiency and strengthen optimism about economic prospects.
The December PMI outcome reinforces expectations of a stable growth outlook as Nigeria enters the new year, with expansion sustained across major sectors of the economy.
