Business Confidence in Nigeria decreased to -15.20 points in December from -1.50 points in November of 2020. source: Central Bank of Nigeria

Business Confidence in Nigeria averaged 12.38 points from 2008 until 2020, reaching an all time high of 41.10 points in June of 2011 and a record low of -66.20 points in May of 2020. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Business Confidence - values, historical data and charts - was last updated on January of 2023.

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Nigeria Business Confidence

Related Last Previous Unit Reference
Business Confidence -15.20 -1.50 points Dec 2020
Industrial Production -7.20 -9.70 percent Jun 2022
Manufacturing Production 9.40 5.90 percent Jun 2022
Services PMI 51.40 47.70 points Oct 2022
Manufacturing PMI 52.30 53.20 points Aug 2022
Capacity Utilization 51.30 55.40 percent Jun 2022
Mining Production -4.80 27.50 percent Jun 2022
Leading Economic Index 45.90 45.50 percent Mar 2016

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”.
Actual Previous Highest Lowest Dates Unit Frequency
-15.20 -1.50 41.10 -66.20 2008 - 2020 points Monthly