Nigeria’s business sentiment strengthened in September 2025, as the Current Business Performance Index (CBPI) climbed to 107.9 points, up from 107.3 in August, according to the NESG, Stanbic IBTC Business Confidence Monitor (BCM).
The report highlights continued optimism among Nigerian firms, marking the 10th consecutive month in the expansion zone since December 2024. Agriculture led the rebound, surging from 95.6 to 107.3 points on the back of strong crop yields, favorable rainfall, and government support.
Manufacturing, though still expanding, slowed slightly to 102.5 points due to rising energy costs and supply constraints. Meanwhile, the Services sector recorded strong momentum at 108.5 points, driven by growth in financial services, ICT, and logistics.
While the outlook remains positive, persistent challenges like high operational costs, unstable power supply, and limited access to finance continue to test business resilience.
