Nigeria’s business activity expands as household confidence weakens – CBN

The Central Bank of Nigeria (CBN) reports that business activity in the country expanded during the most recent reporting period, even as household confidence experienced a decline. This divergence highlights a complex economic environment characterized by ongoing operational growth despite softening consumer sentiment.

Simultaneously, official data from the National Bureau of Statistics indicates a slight deceleration in inflation. The headline inflation rate moved to 15.39 percent in August 2026, down from 15.43 percent in July. Furthermore, month-on-month inflation saw a more pronounced decrease, dropping to 0.71 percent from 1.57 percent in the previous month.