Business confidence in Nigeria stays positive for a third consecutive month in 2025, as federal reforms continue to boost optimism, according to the latest NESG–Stanbic IBTC Business Confidence Monitor.
The Business Performance Index stood at +6.58 in March, still positive, though down from +11.50 in February.
Sectoral performance showed mixed results; while most industries recorded gains, agriculture remained in decline, posting -2.39 for a second month.
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The report cited ongoing structural challenges which have dampened some earlier momentum.
Despite this, the overall outlook remained upbeat, with improvements seen in production, profits, cash flow, and employment.
However, there were signs of strain. The cost of doing business edged up slightly to +48.44, while access to credit fell to +18.28, both slipping from February levels.
Analysts say sustained reforms will be key to maintaining upward momentum in the months ahead.
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