Nigeria Business Confidence Surges to 111.3 Points in October 2025

The NESG-Stanbic Index revealed a rise in Nigeria's business confidence to 111.3 points in October 2025, showcasing a notable improvement in the business environment. Despite challenges such as poor power supply, policy uncertainties, and high operational costs, the Business Confidence Monitor report highlighted stronger optimism across major sectors.

The report noted a 34.5-point increase in business performance compared to October 2024, with sectors like manufacturing, trade, non-manufacturing, agriculture, and services showing improvements above the 100-point expansion threshold. Key factors contributing to this growth include increased product demand, corporate earnings, and modest improvements in investment and export access.