Nigeria’s private sector struggles with naira depreciation, fuel price hikes – Report

Nigeria’s private sector grappled with heightened inflationary pressures in November 2024, driven by currency depreciation and escalating fuel prices, according to the latest Purchasing Managers’ Index report by S&P Global. The report, released on Monday, revealed that these factors significantly increased input costs, restricted purchasing activities, and dampened growth across various sectors. The PMI for