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The CBN’s July 2026 Business Expectations Survey captured how Nigerian businesses view the naira’s direction over the coming monthsThe Business Confidence Index stood at 5.7 points in July 2026, with increased demand and economic diversification among the key driversInflation topped the list of challenges facing businesses, accounting for 27.7% of concerns raised in the CBN survey
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.
Nigerian businesses expect the naira to gradually gain ground against the US dollar between now and January 2027, according to the Central Bank of Nigeria’s (CBN) July 2026 Business Expectations Survey, released on Thursday, August 7.
The apex bank said the overall Business Confidence Index (BCI) came in at 5.7 points in July 2026, reflecting continued positive sentiment among formal businesses despite ongoing macroeconomic pressures.
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