• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Businesses Sustain Positive Growth Momentum Despite High Prices

by Olushola Bello
3 weeks ago
in Business
BUSINESS
Share on WhatsAppShare on FacebookShare on XTelegram

Businesses in Nigeria maintained a positive performance streak of 113.6 points as the Business Confidence Monitor (BCM) index remained in the expansion region for the sixth consecutive month in 2025.

Advertisement

According to the NESG-Stanbic IBTC Business Confidence Monitor (BCM) released yesterday, the Current Business Index rose to113.6 points in June, up from 109.8 points in May 2025. This performance is attributed to several tailwinds, including easing inflationary pressures, improved investor confidence and climate, and stronger business resilience across key sectors.

Sectoral analysis showed expansion across all sectors and broader economic activities. Strong business growth was observed in Manufacturing (123.6), Non-manufacturing (120.7), and Trade (121.0) in June 2025. The Agriculture and Services sectors also expanded, though only slightly above the origin (100 index points), reaching 108.9 and 106.3 index points, respectively. However, non-manufacturing’s performance declined when compared with its May 2025 level of 122.2. This decline is linked to factors such as credit squeeze, rising inventories due to weak demand, and high (weak) exchange rates, which fuel imported inflation and escalate production costs, especially as many companies in this sector depend on imported inputs.

The report highlighted that “NESG-Stanbic IBTC BCM index for the manufacturing sector showed that businesses experienced expansion, recording an index of 123.6 points in June 2025. This marks a significant improvement from 114.4 points in May 2025.

“The uptick reflects stronger performance across key sub-sectors, boosting overall manufacturing output in Nigeria. Major contributors to this expansion include Textile, Apparel & Footwear; Cement; Plastic and Rubber Products; Wood and Wood Products; and Pulp, Paper and Paper Products.”

RELATED

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

7 hours ago
Seplat Wins Energy Times’ Corporate Governance Firm Of The Year

Delta State Lauds Seplat Energy’s Commitment To Host Communities

19 hours ago

It however noted that despite this progress, manufacturers highlighted persistent structural constraints, raw material shortages, unreliable electricity, high import tariffs, inflation, and insecurity, among others.
The report noted that “despite the overall positive trend, structural challenges constrained broader business growth. Key BCM sub-indices; investment, export, supply order, prices, and employment recorded lower values compared to the previous month.

“The cost of doing business also rose in June, reversing the slight relief observed in May 2025. Businesses identified major constraints such as limited access to financing, persistent electricity supply shortages, inconsistent economic policies, inadequate foreign exchange availability, and elevated commercial lease and rental costs.”

The report added that “the generally optimistic outlook for Nigerian businesses is driven by a combination of seasonal economic activity, policy-driven interventions, relative exchange rate stability, ongoing infrastructure development, and a gradual recovery in consumer demand.

“These drivers continue to support cautious optimism across various sectors, particularly in Agriculture, Retail Trade, Non-manufacturing, and Services. As these positive trends continue to build momentum, many businesses are positioning themselves to take advantage of new opportunities and more favourable operating conditions.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Nigerian Economic Summit Group (NESG)Stanbic IBTC
SendShareTweetShare
Previous Post

‘Tech Domestication To Broaden Local Content In Energy Sector’

Next Post

Firm Bets On InsurEase To Disrupt Nigeria’s Insurance Market

Olushola Bello

Olushola Bello

You May Like

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’
Business

Yahoo Mail Suffers Global Outage As Users Hit By ‘Temporary Error 15’

2025/07/24
Seplat Wins Energy Times’ Corporate Governance Firm Of The Year
Business

Delta State Lauds Seplat Energy’s Commitment To Host Communities

2025/07/24
We Stand By Our Tariff Order – EERC
Business

Tariff Slash Didn’t Tamper With Generation Costs – Enugu Electricity Commission

2025/07/24
3 Years  Post-PIA: NMDPRA Just Engaging Stakeholders On HostCom Fund Regulations
Business

West Africa Targets Q4 To Sign Harmonised Refinery Regulatory Agreements – NMDPRA

2025/07/24
Analysts Laud UBA’s N1trn Market Capitalisation Milestone
Business

Elumelu Donates N25bn To ‘Produce For Lagos’ Initiative

2025/07/24
Shell Sees $6bn Oil, Gas Investment Opportunity In Nigeria  Agency Reports
Business

Zero Emissions: Shell Says It Won’t Halt New Oil Field Development

2025/07/24
Leadership Conference advertisement

LATEST

Nigeria Admits Regression In SDGs’ Indicators

Army Probes Viral Video On Troops’ Poor Feeding

Kaduna ALGON Dismisses ₦6bn Looting Claims Against Governor Sani

Buhari Proved Public Service Can Be Done With Integrity, Transparency – Osinbajo

UBEC Targets 10m Out-of-school Children Before 2028

EU, Editors Collaborate To Fight Fake News, Disinformation

Constitution Must Reflect People’s View – Governor Yusuf

Obi Dares Okpebholo, Says I Will Return To Edo

Peter Obi’s Dangerous Game

How Yilwatda Emerged As APC Chairman

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.