Nigeria's business confidence hits record high at 117.2 points
Nigeria's business environment expanded in February 2026 as the Nigerian Economic Summit Group's Business Confidence Monitor (BCM) Current Business Performance Index reached a record 117.2 points. This marks a significant increase from 105.8 points in January 2026 and 111.5 points in February 2025, indicating improved business conditions nationwide. All five major sectors showed expansion: non-manufacturing rose to 128.9 points, manufacturing to 121.1 points, services to 109.2 points, trade to 108.7 points, and agriculture to 104.8 points. Growth drivers include recovering demand and operational improvements, though challenges like insecurity and infrastructure gaps persist. Business optimism remains strong with the Future Business Expectation Index at 135.5 points. What should you know? This expansion suggests opportunities for investment and growth across key sectors.