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PMI Drops Marginally By 0.1 Points
Stanbic IBTC PMI report has shown that the Purchasing Managers Index, PMI, which gauges the level of activities in the real sector, has dropped marginally by 0.1 percent to 53.6 points in October 2022 from 53.7 in September. In the headline figure derived from the survey readings above 50.0 signal positive direction in business conditions…
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How Commercial Banks Performed In H1’ 2022
With over six months gone in the year, 2022, commercial banks in Nigeria have begun to disclose their profit before tax for the first half of the year. Profit before tax (PBT) is a measure of a company’s profitability that looks at the profits made before any tax is paid. It matches all the company’s…
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PMI Hits 56% In April 2022
According to its Purchasing Managers Index for the month, Stanbic IBTC Bank has said that the Nigerian private sector’s growth quickened in April. The PMI grew to 55.8 in April, up from 54.1 in March. The report stated that the headline PMI signaled a sharp improvement in business conditions in Nigeria’s private sector. According to…
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PMI Dips In January 2022
The Stanbic IBTC Purchasing Power Index has dropped to 53.7 per cent in January 2022 from 56.4 in December 2021. The drop, which reflected a four-month low, was attributed to the cost pressures that remained sharp in January, but purchase price inflation eased notably from December’s previous peak. The survey report from Stanbic IBTC shows…
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Nigeria’s PMI Hits 55.4 in July
Nigeria’s Purchasing Managers Index has risen to 55.4 in July from 53.6 in June this year. This is according to a report by the lender Stanbic IBTC. The company said this signalled a marked improvement in business conditions, describing it as one of the strongest PMIs since January 2020. According to the report, “Nigeria’s private…