Nigeria’s business environment strengthened significantly in February 2026, with the Business Confidence Index (BCI) soaring to a record 117.2 points from 105.8 points in January, according to the latest report from the Nigerian Economic Summit Group (NESG). The figure marks the highest reading on record and signals robust expansionary momentum across the economy. The Current Business Performance Index, which measures firms’ assessment of ongoing economic conditions, highlights significantly improved business conditions nationwide. The February report underscored broad-based growth across major sectors, with the non-manufacturing sector leading the expansion, rising to 128.9 points. Manufacturing improved to 121.1 points, reflecting stronger activity in industries such as food, beverag...