The CBN Business Expectations Survey (BES) for February 2025 reflects growing optimism among businesses regarding Nigeria’s macroeconomic environment. The Overall Business Outlook Index for the current month stood at 19.7, with all sectors expressing positive expectations. The industry sector recorded the highest optimism, suggesting strong confidence in future economic conditions. Businesses also anticipate an appreciation of the Naira in the coming months, reflecting improved foreign exchange expectations. Sector-specific indices further reinforce this positive sentiment. The Business Outlook Index for Industry stood at 21.8, followed by Agriculture at 20.9, and Services at 18.1, indicating broad based confidence in business growth. The Business Confidence Index (BCI) further highlights sectoral optimism. Mining and Quarrying recorded the highest confidence at 16.0, followed by manufacturing and agriculture at 6.8 each, Market Services at 4.6, Non-Market Services at 3.1, and construction at 1.8. While the overall outlook remains positive, businesses continue to monitor key economic variables, including inflation and access to credit. Sustaining this optimism will require consistent policy support, structural reforms, and measures to enhance economic stability

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