The Central Bank of Nigeria (CBN) has resumed the publication of several crucial economic reports, underscoring its dedication to enhancing transparency and accountability within the Nigerian economy.
This was posted as a press statement on CBN’s X handle on Tuesday, 13th August, 2024.
It wrote, ”Among the reports reinstated are the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other vital macroeconomic indicators, all of which will offer stakeholders timely and precise insights into the nation’s economic performance.
This move is part of the CBN’s ongoing data enhancement initiative, aimed at ensuring that the public, policymakers, and the business community have access to essential economic data.
The PMI, which evaluates the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, serve as critical tools for assessing Nigeria’s economic conditions.
These reports provide valuable perspectives on the sentiments and outlooks within the business and household sectors. This initiative aligns with the Bank’s broader objectives to increase transparency, support informed decision-making, and promote economic growth.
The reports will be regularly available on the Bank’s official website (www.cbn.gov.ng), ensuring easy access for all interested parties.”
The CBN urges economists, analysts, investors, media, and the general public to utilize these reports to gain a deeper understanding of Nigeria’s economic landscape, thereby contributing to a more inclusive and informed economic dialogue.
