Businesses in Nigeria maintained a positive performance streak of 113.6 points as the Business Confidence Monitor (BCM) index remained in the expansion region for the sixth consecutive month in 2025.
According to the NESG-Stanbic IBTC Business Confidence Monitor (BCM) released yesterday, the Current Business Index rose to113.6 points in June, up from 109.8 points in May 2025.
This performance is attributed to several tailwinds, including easing inflationary pressures, improved investor confidence and climate, and stronger business resilience across key sectors.
Sectoral analysis showed expansion across all sectors and broader economic activities. Strong business growth was observed in Manufacturing (123.6), Non-manufacturing (120.7), and Trade (121.0) in June 2025.
The Agriculture and Services sectors also expanded, though only slightly above the origin (100 index points), reaching 108.9 and 106.3 index points, respectively. However, non-manufacturing’s performance declined when compared with its May 2025 level of 122.2.
This decline is linked to factors such as credit squeeze, rising inventories due to weak demand, and high (weak) exchange rates, which fuel imported inflation and escalate production costs, especially as many companies in this sector depend on imported inputs.
