Nigeria's Business Confidence Rises for 11 Months on Trade Boost

Nigeria's business confidence has risen for 11 straight months, driven by significant growth in the trade sector, according to a report by the Nigerian Economic Summit Group (NESG). The Business Confidence Monitor (BCM) showed a notable surge in trade activities, contributing to a positive outlook for the economy.

Various sectors like non-manufacturing, manufacturing, services, and agriculture also experienced growth, albeit at a moderate pace. The report highlighted improvements in general business situations, financial conditions, supply orders, and access to credit, indicating a positive trend in Nigeria's economic performance.