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Manufacturing sector report: PMI, BCI data portend mixed fortunes for real sector

The expansion recorded in the manufacturing sector in October as indicated by the Central Bank of Nigeria (CBN) Purchasing Managers Index (PMI) would likely sustain its uptrend till year end. But whilst this is a position given by economy watchers at Cordros Capital Limited, a Lagos-based finance and investment house, another group of analysts have punctured this position with the current Business Confidence Report which shows a dim picture of the short term economic outlook.

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