Nigeria's Business Index Hits Record High

Nigeria's Business Index Hits Record High




Nigeria's Current Business Performance Index climbed to a record 117.8 points in September 2026, surpassing the previous peak of 117.2 points set in February 2026, according to the Nigerian Economic Summit Group (NESG). [1, 2]



Key Highlights

Index Growth: The index rose from 112.7 points in August 2026 and 107.9 points in September 2025. (Scores above 100 indicate expanding business activity). [1, 2, 3]



Leading Sector: Trade led the broad-based expansion, reaching 128.5 points due to stronger consumer demand. [1]


Future Outlook: The NESG's Future Business Expectation Index stands strong at 128.9 points. [1]




The Cost Squeeze: Despite booming activity and rising demand, high operating costs, expensive financing, unreliable power supply, and infrastructure bottlenecks continue to drain corporate profit margins and restrict real financial gains. [1, 2]
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