NIGERIA, Nov. 28 -- The latest reading signals sustained improvement in business conditions and marks the twelfth consecutive month in which the index has remained above the growth threshold.

The new figures were contained in the Central Bank of Nigeria's PMI report, which shows that all major indicators performed better than earlier readings recorded throughout the year.

The bank noted that the November data reflected a broad expansion across multiple industries as demand improved and businesses responded with higher output and stronger employment numbers.

The News Chronicle gathered that government and monetary authorities view the continued rise in PMI as a sign that earlier policy adjustments are starting to stabilise private secto...