The Nigerian Economic Summit Group (NESG) has announced a notable increase in the Business Confidence Index for May 2026, which has reached 104.6 points. This rise is attributed primarily to a significant recovery within the manufacturing sector, coupled with strong consumer demand, despite ongoing cost pressures affecting businesses. The latest findings from the NESG Business Confidence Monitor indicate a positive shift in current business performance, reflecting a more optimistic outlook among industry stakeholders.
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