Businesses’ confidence in macroeconomy rises to 7.9 index points — CBN

By Elizabeth Adegbesan
Businesses’ confidence in the macro economy rose significantly to 7.9 index points in May 2026 from 3.9 index points in the preceding month of April 2026, even as insecurity, multiple taxation, and high interest rates continued to pose major operational challenges to businesses during the period.
This was contained in the latest Central Bank of Nigeria’s Business Expectation Report, which showed that the respondents’ sentiment on the economy reflected a mixed outlook.
The improvement in sentiment was largely supported by perceived easing in governance and policy-related concerns (15.7 percent), and continued progress in economic diversification (15.6 percent)....