Nigeria’s economic activity strengthened in February as the Purchasing Managers’ Index (PMI) rose to 56.4, marking the 15th consecutive month of expansion, according to the latest report by the Central Bank of Nigeria.

The PMI, which measures the performance of the manufacturing, agriculture, and services sectors, indicates that business conditions improved during the month. A reading above 50 points signals expansion, while a figure below that level indicates contraction in economic activity.

The report also showed increases in production levels, new orders, employment, and supplier delivery times, reflecting stronger demand and improved business confidence across key sectors of the Nigerian economy.