Manufacturing recovery lifts Business Confidence Index to 104.6pts — NESG

Author: Babajide KomolafePublished on: June 4, 2026Country: Nigeria

Business & Economy

Manufacturing recovery lifts Business Confidence Index to 104.6pts — NESG

In May 2026, Nigeria's Business Confidence Index rose to 104.6 points from 102.1 in April, driven by a strong manufacturing recovery. The manufacturing index surged to 114.1 points, while services and trade also improved. However, high operating costs and limited access to finance remain concerns, and investment and export indicators stayed in contraction.

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