CBN reintroduces publication of key economic reports

The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to enhance transparency.

According to a statement on Tuesday signed by Sidi Ali Hakama, CBN’s Acting Director of Corporate Communications, this initiative is part of its broader efforts to enhance transparency, promote informed decision-making and support economic growth.

The apex bank said the reports including the purchasing managers’ index (PMI), business expectation survey (BES), inflation expectation report and other macroeconomic indicators, will provide stakeholders with timely and accurate insights into the country’s economic performance.

“The reintroduction of these reports, part of the ongoing data enhancement initiative within the CBN aims to ensure that the public, policymakers, and the business community have access to essential economic indicators,” CBN said.

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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.”