NESG Business Confidence Index Hits 102.1 in April 2026

The Nigerian Economic Summit Group (NESG) reported that the Business Confidence Index rose to 102.1 points in April 2026, up from 101.2 points in March 2026. This increase suggests a continuation of recovery momentum in Nigeria's private sector.

However, the index remains significantly lower than the 112.3 points recorded in April 2025, indicating that business conditions are still weaker compared to the previous year. The data shows that business activity expanded in April, supported by gains in key sectors, although overall performance remains below last year's levels.

The agricultural and non-manufacturing sectors contributed positively to growth, while the manufacturing sector experienced a contraction, particularly in textiles, cement, chemicals, and motor vehicle assembly. The trade sector expanded to 102.7 points, reflecting improved consumer spending, although performance slowed compared to the previous month.

Structural challenges continue to affect cash flow, employment, investment, and export activities.