The February 2025 NESG-Stanbic IBTC Business Confidence Monitor indicates sustained improvement in Nigeria’s business activities, especially in trade and manufacturing. The Current Business Index rose significantly, although agricultural growth slowed. Challenges such as high operational costs, poor access to credit, and limited foreign exchange continue to affect the overall business environment.
In February 2025, Nigeria’s trade and manufacturing sectors positively influenced business activities for the second month in a row, reflecting favorable conditions in the economy. This insight comes from the NESG-Stanbic IBTC Business Confidence Monitor (BCM), a report that gauges business sentiment based on a survey conducted by the Nigerian Economic Summit Group (NESG) with support from Stanbic IBTC.
Overall, while the trade and manufacturing sectors showed positive trends, challenges persist, particularly in agriculture and credit access. Businesses continue to struggle with high operational costs due to exchange rates and limited financing options, affecting investment and growth opportunities.
Original Source: businessday.ng
