Nigeria’s businesses reported enhanced performance in January 2025, signalling an uplift in the business environment and potential improved business performance during the year.
According to a report released today by the NESG/StanbicIBTC Business Confidence Monitor, the current Business Performance Index for January 2025 stands at +8.12, reflecting a rise in business activities compared to +0.77 points in December 2024.
The Business Confidence Measure (BCM) recorded a positive index of +31.96, reflecting moderately optimistic expectations for improved business performance in the next one to three months.
The report states that anticipated enhancements in cash flow, overall business conditions, production levels, exports, and short-term investments are fuelling this optimism, primarily driven by the momentum of a newv business year.
Among sectors, manufacturing exhibits the highest optimism with an index of +57.31, while services posted a confidence level of +29.41.
