Nigeria's Business Confidence Index Reaches 117.2 Points

In February 2026, Nigeria's Business Confidence Index hit a record high of 117.2 points, as reported by the Nigerian Economic Summit Group (NESG). This marks a substantial increase from 105.8 points in January 2026 and 111.5 points in February 2025, signaling a notable improvement in business conditions across the country.

The report indicates broad-based growth across major sectors, supporting a recovery in demand and improved operational performance. Despite this overall gain, the report highlights ongoing structural challenges such as insecurity, infrastructure gaps, limited access to finance, and high operational costs, which continue to weigh on certain sectors, particularly agriculture and manufacturing.

The NESG's future business expectations index also showed optimism, standing at 135.5 points in February 2026, up from 124.7 points in January 2026 and 128.3 points in February 2025. Additionally, a report from Nairametrics indicated that the Stanbic IBTC Bank Purchasing Managers' Index rose to 53.2, reflecting improvement compared to the previous month.