Business Confidence in Nigeria increased to 30.30 points in December from 29 points in November of 2019.

Business Confidence in Nigeria averaged 15.44 points from 2008 until 2019, reaching an all time high of 41.10 points in June of 2011 and a record low of -29 points in December of 2016. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Nigeria

Business Confidence in Nigeria is expected to be 28.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Nigeria to stand at 28.00 in 12 months time. In the long-term, the Nigeria Business Confidence is projected to trend around 31.00 points in 2020, according to our econometric models.

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Nigeria Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
30.30 29.00 41.10 -29.00 2008 - 2019 points Monthly

Nigeria Business Confidence
In Nigeria, the Business Expectations Survey is based on a sample of 1850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook”.

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence 30.30 29.00 41.10 -29.00 points [+]
Industrial Production -2.90 4.70 20.10 -20.40 percent [+]
Manufacturing Production 2.00 4.70 24.60 -7.00 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 60.80 59.30 61.10 41.90 points [+]
Crude Oil Rigs 17.00 20.00 20.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Corruption Index 26.00 27.00 28.00 6.90 Points [+]
Corruption Rank 146.00 144.00 152.00 52.00 [+]
Changes In Inventories 156043.05 146816.73 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite Pmi 56.80 57.70 59.10 46.30 points [+]
Capacity Utilization 55.00 54.60 60.50 48.50 percent [+]
Services Pmi 62.10 60.10 62.30 41.00 points [+]
Mining Production 5.70 5.70 48.20 -34.10 percent [+]