Business Confidence in Nigeria decreased to -15.20 points in December from -1.50 points in November of 2020. source: Central Bank of Nigeria

Business Confidence in Nigeria averaged 12.38 points from 2008 until 2020, reaching an all time high of 41.10 points in June of 2011 and a record low of -66.20 points in May of 2020. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Business Confidence - values, historical data and charts - was last updated on August of 2022.

Business Confidence in Nigeria is expected to be -15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Business Confidence is projected to trend around 2.00 points in 2023 and 4.00 points in 2024, according to our econometric models.

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Nigeria Business Confidence

Related Last Previous Unit Reference
Business Confidence -15.20 -1.50 points Dec 2020
Industrial Production -2.60 -2.20 percent Sep 2021
Manufacturing Production 4.30 3.50 percent Sep 2021
Manufacturing PMI 50.10 51.40 points Feb 2022
Services PMI 49.00 49.01 points Feb 2022
Mining Production -10.60 -12.30 percent Sep 2021
Capacity Utilization 55.80 54.70 percent Sep 2021
Leading Economic Index 45.90 45.50 percent Mar 2016

Nigeria Business Confidence
In Nigeria, the Business Expectations Survey is based on a sample of 1850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook”.
Actual Previous Highest Lowest Dates Unit Frequency
-15.20 -1.50 41.10 -66.20 2008 - 2020 points Monthly