Nigeria’s private sector has extended its positive growth trajectory for a sixth consecutive month, with business confidence surging to fresh highs on the back of easing macroeconomic pressures, improved investor climate, and rising sectoral resilience.
The latest Business Confidence Monitor (BCM) for June 2025, published by the Nigerian Economic Summit Group (NESG) in collaboration with Stanbic IBTC, revealed a remarkable uptick in business sentiment, as the Current Business Performance Index climbed to 113.6 points, up from 109.8 points recorded in May 2025.
According to the NESG, the sustained expansion reflects “broad-based improvements across all sectors of the economy, underpinned by easing inflationary trends, better supply chain dynamics, and a strengthening of business resilience, despite lingering structural challenges.
Notably, the Manufacturing Sector emerged as the top performer, with its index rising to 123.6 points, driven by robust output in Textiles, Cement, and Plastic and Rubber Products.
