Nigeria's manufacturing sector recorded its strongest performance in August 2026, supported by foreign-exchange stability, exchange-rate appreciation, and improved demand, according to the Nigerian Economic Summit Group (NESG). Services and agriculture also posted gains, indicating a broad-based expansion in business activity. The report showed that Nigeria's Current Business Performance Index rose to 112.7 points in August from 108.6 points in July. However, firms continued to face constraints including inadequate power supply, limited access to financing, logistics challenges, and rising rental costs. Businesses surveyed by NESG expect conditions to improve.
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