NESG says business confidence rising despite soaring costs
•But warns energy prices, credit squeeze threaten outlook By Babajide Komolafe Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs, but the Nigerian Economic Summit Group, NESG, has warned that surging energy prices, limited access to credit and other structural constraints could threaten the sustainability of the recovery.
Key BCM sub-indices, including general business situation, production, demand conditions, operating profit, financial results, supply order, access to credit, cash flow, and employment, remained in the expansion territory.
Presenting its August 2026 Business Confidence Monitor, BCM, report, the NESG said: “Nigeria’s business environment recorded stronger expansion in July 2026.
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