NESG: Election, festive demands lift Business Performance Index to 117.8pts

Nigerian Economic Summit Group, NESG yesterday said that business activity expanded strongly in September, with the Current Business Performance Index, BPI, rising to 117.8 points from 112.7 points in August, citing stronger demand for goods and services ahead of election-related activities and the year-end festive season. The NESG stated that in the October 2026 edition of its Business Confidence Monitor, BCM. The report said, "Nigeria's business activity sustained expansionary momentum in September 2026. The Current Business Performance Index jumped to 117.8 points from 112.7 in August 2026 and 107.9 points in September 2025." It said, "the rapid improvement was driven by broad-based expansion across sectors, with Trade recording the strongest performance." The NESG noted that "the strong performance of trade stockpiling could be largely linked to back-to-school shopping, reflected in robust demand con

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