Economy

Economic activity expansion halts in April as PMI dips to 49.4 points

Economic activity in Nigeria slowed in April 2026, as the Purchasing Managers’ Index (PMI) fell to 49.4 points, dropping below the 50-point threshold that separates expansion from contraction. The Central Bank of Nigeria disclosed this in its latest PMI report, noting that the April figure marked the first contraction after 16 consecutive months of sustained […]