S&P: How Nigeria's Fuel Crisis, Cash Crunch Ended 31-Month Growth in Business Activities Says PMI at worst level since pandemic
Emmanuel Addeh in Abuja Business activities driven by the private sector slumped for the
first time in almost three years as companies reduced output and cut jobs due to cash and fuel shortages in February, S&P Global said yesterday.
The Purchasing Managers' Index (PMI) released by the organisation is a measure of the prevailing direction of economic trends in the
manufacturing and service sectors. According to the S&P PMI, business activities fell to 44.7 in February from 53.5 the month before,
being the worst reading since the height of the coronavirus pandemic in June 2020. The report added that the
February PMI data indicated that cash shortages across the Nigerian Continued on page 10
Senators Fault Lawan's Claims on Electronic Results Transmission... Page 10 Thursday 2 March, 2023 Vol 28. No 10186. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
Buhari: My Administration’s Achievements Earned Tinubu Victory Former Lagos governor pays thank you visit to president in Daura President-elect receives congratulatory messages from world leaders, including French president Deji Elumoye in Abuja President Muhammadu Buhari has
declared that Nigerians decided to vote for Bola Ahmed Tinubu and other candidates of the ruling
All Progressives Congress (APC) in last Saturday’s presidential and National Assembly elec-
tions because of the high level of development brought about by the present administration.
Speaking yesterday, while receiving in audience the president-elect and other leaders
of the ruling party at his Daura Continued on page 10
Tinubu: My Certificate of Return is Call to Duty I Can’t Ignore Tells opponents, their supporters, ‘I understand your hurt’ Says he needs them but Nigeria needs them more at this time Reiterates commitment to progress, development, renewed hope for Nigerians Election result reflects wish of electorate, Akeredolu asserts Yakasai urges Atiku, Obi to accept outcome of presidential poll We’ll challenge ex-Lagos governor’s victory in court, Baba-Ahmed vows Knocks Lawan over comments on electronic transmission of results Exercise lacks credibility, transparency, Situation Room declares Story on page 10
PRESENTATION OF CERTIFICATES OF RETURN TO TINUBU...
L-R: Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, presenting certificate of return to the President-elect Senator Bola Ahmed Tinubu while his wife, Senator Oluremi Tinubu, looks on
AIRTEL AFRICA'S DIGITAL TRANSFORMATION DRIVE... The Group Chief Executive Officer of Airtel Africa, Segun Ogunsanya paid a courtesy visit to the President of Kenya, H.E. Dr. William Ruto at the State House Nairobi, in conversations that were focused on Airtel Africa’s efforts at accelerating and deepening digital transformation in Kenya and the African continent... yesterday