Barbara Bako, Abuja.
In order to further demonstrate its dedication to promoting accountability and openness in the Nigerian economy, the Central Bank of Nigeria (CBN) has resumed publishing a number of key economic reports.
In a statement signed by the Ag. Director, Corporate Communications of the apex bank Mrs. Hakama Sidi Ali on Tuesday, outlined that these reports will give stakeholders timely and accurate insights into the nation’s economic performance.
These reports include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators.
In order to guarantee that the general public, decision-makers, and the business community have access to crucial economic indicators, these reports have been reintroduced as part of the CBN’s ongoing data enhancement plan.
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The PMI, which assesses the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are crucial tools for understanding Nigeria’s economic climate.
These reports offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively.
This initiative is part of the Bank’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth.
The reports will be periodically released on the Bank’s website (www.cbn.gov.ng), ensuring
that they are easily accessible to all.
The CBN encourages economists, analysts, investors, media, and the general public to use these reports to gain a more comprehensive understanding of Nigeria’s economic dynamics, thereby fostering a more inclusive economic discourse.
