Nigeria overtakes Kenya to lead Africa’s private sector boom.
"Nigeria has outpaced other major African economies to record the continent's highest growth in business activity, driven by a surge in customer demand and new product rollouts."
The latest S&P Global Purchasing Managers’ Index (PMI) reveals that Nigeria recorded Africa’s largest surge in private-sector activity.
Defying severe inflationary pressures, Nigeria's PMI jumped from 52.9 to 54.1, overtaking Kenya to lead eight major economies on the continent. This remarkable four-month growth streak represents the country's strongest economic performance since April 2025.