Nigeria's Business Environment Expands in June 2026

In June 2026, Nigeria's business environment continued to expand for the sixth consecutive month, as reported by the NESG Business Confidence Monitor (BCM). The manufacturing sector recorded a BCM index of 106.4 points, indicating growth despite a decline from 114.1 points in May 2026 and 123.6 points in June 2025.

The agricultural sector also showed expansion, with an index of 103.9 points, up from 97.5 in May 2026, although down from 108.9 in June 2025. The overall BCM index remained unchanged at 104.6 points compared to May 2026, marking a significant decline from 113.6 points in June 2025.

Performance varied across sectors, with manufacturing and trade showing weaker results relative to previous months. The report highlighted challenges such as limited access to finance, power outages, and high rental costs affecting profit margins and new investments.

The non-manufacturing sector's index rose to 106.8 points in June 2026, down from 120.7 points in June 2025, with construction and crude petroleum showing stronger performance.