{
  "id": 5730294,
  "title": "Nigeria’s business performance index rises to 112.7 in August, highest since February 2026",
  "url": "https://urgent.news/2026/09/05/nigerias-business-performance-index-rises-to-112-7-in-august-highest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-05T06:12:55.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/05/nigerias-business-performance-index-rises-to-112-7-in-august-highest-since-february-2026/"
  },
  "original_language": "en",
  "account": "In August 2026, Nigeria's business environment continued to evolve positively, with the composite Current Business Performance Index (CBPI) increasing to 112.7 points from 108.6 points in the previous month. This marked the highest level since February 2026, when the index was 117.2 points. The improvement was widespread, with Manufacturing leading the way. However, Non-Manufacturing slowed down slightly from its July pace.\n\nManufacturers still grappled with high operating costs due to unreliable power supply, raw material shortages, expensive rents, and limited access to financing. Despite these challenges, the Business Confidence Monitor's major components remained in expansion territory during the month. The NESG Future Business Expectation Index also rose, indicating optimism about the upcoming one to three months.\n\nEarlier this month, Stanbic IBTC Bank Nigeria reported that Nigeria's private sector had shown its strongest improvement in business conditions in 29 months. Nairametrics also noted that overall economic activity expanded for the third consecutive month in August, with the Composite Purchasing Managers' Index (PMI) reaching 52.7 points. This growth was driven by stronger performance in agriculture and services, while the industrial sector's growth slowed compared to the same period in 2025. The National Bureau of Statistics (NBS) reported that Nigeria's GDP grew by 4.43% year-on-year in real terms during the second quarter of 2026, up from 4.23% in the same quarter of 2025.",
  "summary": "Nigeria’s business environment expanded further in August 2026, with the composite Current Business Performance Index (CBPI) rising to 112.7 points from 108.6 points in July. The post Nigeria’s business performance index rises to 112.7 in August, highest since February 2026 appeared first on Nairametrics .",
  "key_points": [
    "Nigeria's CBPI reached 112.7 in August, highest since February 2026",
    "Manufacturing led the performance improvement",
    "Non-Manufacturing slowed slightly from July pace"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "GSE showed strong performance in August 2026 despite recording more stock losses",
        "url": "https://urgent.news/2026/09/05/gse-showed-strong-performance-in-august-2026-despite-recording-more",
        "published": "2026-09-05T04:05:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}