Nigeria's Business Expansion Surges in July 2026

The Business Confidence Monitor (BCM) of the Nigerian Economic Society Group reported that Nigeria's business environment experienced stronger expansion in July 2026. The Current Business Performance Index (CBPI) increased to 108.6 points, up from 104.6 points in June 2026, and also showed an improvement from 105.4 points in July 2025.

The report indicated broad-based expansion across various sectors, with services notably moving into the expansion region. Key BCM sub-indices, including general business situation, production, demand conditions, operating profit, financial results, supply order, cash flow, and employment, remained in the expansion territory, with most showing stronger performance compared to June 2026.

However, the access-to-credit index saw a marginal decline. Additionally, sub-indices related to export and trade stockpiling expanded during the month, while investment remained in the contraction territory.