Nigeria’s private sector maintained its recovery momentum in April 2026 as the Nigerian Economic Summit Group (NESG) reported that its Business Confidence Monitor (BCM) Current Business Performance Index rose to 102.1 points.
- +NESG Business Confidence Index rises to 102.1 in April 2026
NESG made this known in its latest Business Confidence Monitor (BCM) released on Tuesday.
NESG made this known in its latest Business Confidence Monitor (BCM) released on Tuesday.
The latest data shows a marginal increase from 101.2 points recorded in March.
However, despite the improvement, business conditions remain weaker compared to April 2025, when the index stood significantly higher at 112.3 points.
NESG data indicates that business activities continued to expand in April, supported by gains in key sectors, although overall performance remains below last year’s levels.
The data highlights a gradual recovery trend, though uneven across sectors.
Sectoral performance showed mixed outcomes, with agriculture and non-manufacturing supporting growth, while manufacturing slipped back into contraction.
Within manufacturing, sub-sectors such as textiles, cement, chemicals, and motor vehicle assembly recorded weak performance, while only food, beverage, tobacco, and basic metals sustained growth.
The Trade sector also remained in expansion at 102.7 points, supported by improved consumer spending, although performance slowed compared to previous months.
Despite gains in production, demand, cash flow, and employment, investment and export activities remained in contraction, reflecting persistent structural challenges.
Nairametrics earlier reported that Nigeria’s business environment remained in the expansionary zone in March 2026, but with significantly weaker momentum.
