Businesses’ confidence in macroeconomy rises to 7.9 index points — CBN

Business confidence in Nigeria's macroeconomy rose sharply to 7.9 index points in May 2026 from 3.9 points in April, according to the Central Bank of Nigeria's (CBN) Business Expectation Report. The improvement was driven by perceived easing of governance and policy concerns (15.7%) and progress in economic diversification (15.6%). However, insecurity, multiple taxation, and high interest rates remain major challenges. Consumer sentiment was pessimistic, with the overall consumer confidence index at -16.8 points in May.