June 4, 2026
By Babajide Komolafe
The Nigerian Economic Summit Group, NESG, has reported an improvement in business confidence in May 2026, driven largely by a strong recovery in the manufacturing sector and robust consumer demand despite persistent cost pressures.
According to the latest NESG Business Confidence Monitor, BCM, the Current Business Performance Index rose to 104.6 points in May from 102.1 points recorded in April, indicating an expansion in business activities across the economy.
The report, however, noted that the latest reading remained below the 109.8 points recorded in May 2025, suggesting that while businesses are expanding, growth remains fragile amid lingering economic challenges.
