Nigeria's private sector activity expanded for a fifth consecutive month in June, according to the latest Purchasing Managers' Index (PMI) compiled by Stanbic IBTC.
The reading marks a sustained period of growth for the African economy, defying broader global headwinds that have weighed on other emerging markets.
The expansion comes as global PMI data presents a mixed picture.
While China's official manufacturing PMI rose to 50.3 in June, signaling a return to growth after stagnation, private sector activity in the euro zone contracted for a third straight month.
Nigeria's consistent expansion highlights a divergence in regional economic performance, with West Africa showing resilience amid global uncertainty.
The Stanbic IBTC survey covers both manufacturing and services sectors, providing a comprehensive view of private sector health.