The latest Purchasing Managers' Index (PMI) from the Central Bank of Nigeria (CBN) indicates that the country's economic activity continued its expansion in March 2026, supported by widespread growth across key sectors.

The bank reports that growth remained broadly distributed, with 31 out of 36 sub-sectors expanding. The industrial sector led the momentum, posting a PMI of 54.0 points, driven by increased manufacturing and production activities. Fourteen of the 17 industrial sub-sectors recorded growth, reflecting the robustness of the recovery.

Agriculture remained resilient, with a PMI of 52.8 points, marking its twentieth consecutive month of expansion. All agricultural sub-sectors showed growth, with forestry leading the way.

The services sector recorded a PMI of 52.0 points, extending its expansion phase to fourteen months, although the pace of growth slightly slowed. The majority of sub-sectors advanced, despite contractions observed in professional, scientific, and technical services, as well as accommodation and food services. The education segment showed the strongest increase.