The Nigerian Economic Summit Group (NESG) has reported that Nigeria’s Business Performance Index rose to 113.3 points in November, up 2.0 index points from October, representing 11-month consecutive expansion streak.
In its latest NESG Business Confidence Monitor (BCM) report published in December, the NESG disclosed that the Year-to-Year (Y-o-Y) business performance was 16.0 index points higher in November this year compared to the same period in 2024.
According to the group, a sectoral breakdown of the report’s findings shows that all five major economic activities remained in the expansion region during the month.
Specifically, the NESG reported that the Trade sector recorded the most substantial increase, rising by 71.1 points to 186.5 index points. Non-Manufacturing (117.0), Manufacturing (114.2), Services (105.8), and Agriculture (103.3) also expanded, though at a more moderate pace compared to November 2024.
The NESG’s 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.
The latest edition provides insights into business performance in November 2025.