Post by Proshare (@Proshare)

Nigeria’s business activity strengthened in July 2026, but rising operating costs continue to test investor confidence.

The NESG Current Business Performance Index rose to 108.6 points, reflecting expansion across Agriculture, Manufacturing, Non-Manufacturing, Services and Trade. Non-Manufacturing led the improvement, supported by stronger activity in Oil & Gas Services and Crude Petroleum.

However, limited financing, energy shortages, high rental costs, insecurity and infrastructure gaps kept investment in contraction. Businesses remain cautiously optimistic, with Trade and Manufacturing reporting the strongest near-term expectations.

The key policy challenge is converting stronger commercial activity into sustained investment by reducing the structural costs constraining businesses.

https://proshare.co/articles/nesg-business-confidence-monitor-strong-business-expansion-coincided-with-elevated-cost-pressures?menu=Economy&classification=Read&category=Nigeria

Nigeria’s business activity strengthened in July 2026, but rising operating costs continue to test i...

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