Nigeria’s private sector continued to expand in July, marking six consecutive months of growth. The Stanbic IBTC Bank Purchasing Managers’ Index (PMI) registered 52.5, down from 53.4 in June, indicating solid but slightly moderated business conditions. Driven by strong customer demand, firms increased new orders and expanded employment. Crucially, inflationary pressures eased, with purchase cost inflation hitting a five-month low, offering a reprieve for businesses still grappling with elevated fuel and raw material costs. Despite logistical challenges, business confidence remains positive for the year ahead.