Nigeria’s tax burden, insecurity and high rates squeeze firms in September – CBN survey
Nigerian businesses identified high or multiple taxation, insecurity and high interest rates as their biggest constraints in September 2026. The post Nigeria’s tax burden, insecurity and high rates squeeze firms in September – CBN survey appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) Business Expectations Survey has revealed that Nigerian firms identified high or multiple taxation, insecurity, and high interest rates as their top constraints in September 2026. Despite these challenges, the Business Confidence Index stood at 13.4 points, indicating continued optimism among businesses.
The Industry sector showed the strongest improvement, with its confidence index rising from 17.1 points in August to 19.4 points in September. The CBN expects business confidence to strengthen over the coming months, supported by increased demand, economic diversification, and access to finance.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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