High taxation, insecurity, high interest rates top constraints facing Nigerian businesses – Survey
Businesses in Nigeria identified high or multiple taxation, insecurity and high interest rates as the top three constraints they faced in July, according to the latest Business Expectations Survey (BES) released by the Central Bank of Nigeria (CBN).
Sector outlook According to the survey, all sectors expressed optimism about the macroeconomy, with the electricity, gas and water sector recording the highest Business Confidence Index of 59.
Despite these constraints, the Business Confidence Index (BCI) remained positive in July, reflecting sustained optimism across all review horizons.
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