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A new survey showed that businesses across all sectors are reporting improved optimism on the macroeconomyBusinesses expect stronger activity and naira appreciation, but the employment outlook remains negativeKey constraints remain insecurity, multiple taxation, and high interest rates, while Mining & Quarrying led expansion prospects
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Business confidence in Nigeria improved in May 2026, with firms across all sectors reporting a more positive outlook on the economy, even as they flagged insecurity, high taxes and elevated borrowing costs as major constraints, according to a survey by the Central Bank of Nigeria.
The Business Expectations Survey released on the CBN’s website showed broad-based optimism across agriculture, industry and services, with companies expecting stronger business activity over the coming months and a gradual appreciation of the naira.
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