Manufacturing index plunges 10% as cement sector contracts – NESG

By Yinka Kolawole

Nigeria’s manufacturing business activity plunged by about 10 per cent in September 2026, as a contraction in the cement subsector and weakening performance across several industries dragged down the sector’s business index, the Nigerian Economic Summit Group (NESG) has said.

The group’s Business Confidence Monitor (BCM) showed that the manufacturing Current Business Performance Index (CBPI) fell to 108.4 points in September from 120.4 points in August, amid persistent cost pressures, tight credit conditions and operational challenges.
Despite the manufacturing setback, overall business activity maintained its expansionary momentum, with the composite CBPI risi...