Economic activities improved slightly in August, compared to July, according to the Central Bank of Nigeria.
The CBN said in a report on its last Monetary Policy Committee meeting that the manufacturing and non-manufacturing Purchasing Manager’s Indices showed improvement over time.Part of the MPC report said, “The committee noted the moderate improvement in both the manufacturing and non-manufacturing Purchasing Manager’s Indices, though still below the 50-index point benchmark, showed a marked improvement over time.
“In August 2021, the manufacturing and non-manufacturing PMIs improved to 46.9 index points apiece, compared with 46.6 and 44.8 index points, respectively, in July 2021.” It said this was attributed to an increase in new orders, driven largely by rising demand, uptrend in business activity and further normalisation of economic activities.
“Similarly, the employment level index component of the manufacturing and non-manufacturing PMIs in August 2021 improved to 49.4 and 48.8 index points, respectively, compared with 46.5 and 47.0 index points in July 2021,” it said.
Lol.. Emefiele you are not okay
emefiele don't be an idiot, man!
Did you just say slightly? I'ma as well slap hell out of you right from here.🥵
See mumu man
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