Nigeria sees improved business conditions in February – NESG
Omeiza Bilal
The NESG Business Confidence Monitor (BCM) Current Business Performance Index rose to a record high of 117.2 points from 105.8 and 111.5 points in January 2026 and February 2025, respectively, signaling improved business conditions.
According to the NESG Business Confidence Monitor for February 2026, Nigeria’s business environment sustained its expansionary momentum in February 2026, recording its strongest performance in over a year.
The NESG Business Confidence Monitor (BCM) is a survey-based report that presents qualitative information on the current business sentiment within the Nigerian economy and gauges expectations about overall economic activities in the short term.
It provides insights into business performance in February 2026.
The sectoral breakdown indicates improved performance across all five sectors. Business activities expanded significantly across non-manufacturing (128.9 points from 115.3), Manufacturing (121.1 points from 115.8) and Services (109.2 points from 102.1). Trade (108.7 points from 92.7) and Agriculture (104.8 points from 99.5) moved into the expansionary region in February 2026.
