**Naija Economy Bounces Back: PMI Hits 53.2 in February** Good news for Nigeria's economy as the Purchasing Managers' Index (PMI) has rebounded to 53.2 in February, up from 49.2 in January. This is according to the latest PMI report by Stanbic IBTC Bank. The report indicates that new orders have returned to growth, with business activity increasing at its fastest pace in four months. This boost in productivity can be attributed to several factors, including higher customer numbers and new product offerings, as well as competitive pricing. The wholesale and retail sectors, in particular, have seen a significant rise in activity. One of the key drivers of this growth is the strengthening of the Naira against other currencies. As a result, inflationary pressures have eased, with both purchase costs and output prices rising at the slowest rates in over six years. This is a welcome development for Nigeria's economy, which has been on a recovery path since the end of 2024. The country's private sector has been growing continuously, with this latest PMI reading indicating a solid monthly improvement in business conditions. The report also highlights the positive impact of this growth on employment, as firms expand their staffing levels to meet the increased demand. This is a testament to the resilience of Nigeria's economy and its ability to adapt to changing circumstances. Overall, the PMI reading of 53.2 in February is a positive indicator for Nigeria's economy, suggesting that the country is on the right path to recovery. As the economy continues to grow, we can expect to see improved living standards and increased opportunities for Nigerians. In Naija context, this news comes as a relief to many who have been worried about the state of the economy. The rebound in productivity and growth is a welcome boost to the country's efforts to diversify its economy and reduce its dependence on oil exports. With this momentum, Nigeria can look forward to a brighter economic future.