Business and economic activities in Nigeria declined to the lowest in June 2024 amid soaring prices of goods and services. This is according to the Purchasing Managers’ Index, PMI released on Monday which surveyed 400 companies from the agriculture, manufacturing, services, construction and retail sectors. The report, conducted by Stanbic IBTC, showed that the headline index fell to 50.1 from 52.1 in the previous month. PMI for June signalled a broad stagnation of Nigeria’s private due to price pressures which led to a growth decline of output and new orders. “June data signaled a broad stagna…