Nigeria's Business Confidence Index Hits 111.3 in October 2025, Showing Sector Expansion

Nigeria's Business Confidence Index surged to 111.3 in October 2025, indicating a strong upward trend in the business climate. The report by NESG and Stanbic IBTC revealed renewed optimism and expansion in crucial sectors like manufacturing, trade, agriculture, and services.

Despite challenges such as raw material shortages and rising input costs, sectors like food, beverage, tobacco, and cement saw significant recoveries. The overall business environment in Nigeria demonstrated resilience and improvement, with sustained growth momentum in various sectors.