Nigerian Businesses Demonstrate Resilience Amidst Challenges

A recent survey has revealed a notable uptick in Nigeria’s private sector activities, with the Business Performance Index (BPI) increasing to 12.29 in April 2025, marking a significant improvement from the previous month.

This development suggests a gradual resurgence of business confidence, driven by enhancements in operational outlook and marginal gains in the macroeconomic environment.

The NESG-Stanbic IBTC Business Confidence Monitor (BCM) report highlights the manufacturing sector’s resilience, with a modest growth index of 8.78 in April, despite grappling with structural constraints such as inadequate production space and persistent insecurity.