Nigeria’s business activity expanded for a 12th straight month in December 2025, although growth slowed as rising costs and weaker consumer demand weighed on confidence. According to the NESG–Stanbic IBTC Business Confidence Monitor, overall conditions remained firmly expansionary, but moderation across key indices signaled a more cautious business climate. All major sectors remained in expansion territory, with agriculture leading on seasonal demand, while manufacturing posted modest gains. In contrast, trade, services, and non-manufacturing lost momentum amid high operating costs and subdued purchasing power. Rising electricity costs, insecurity, and input shortages continued to put pressure on firms. Despite these structural hurdles, overall business optimism for 2026 remains high, signaling a collective belief in a gradual economic recovery.
Nairametrics