The Central Bank of Nigeria (CBN) has announced the reintroduction of several critical economic reports, a move aimed at enhancing transparency and accountability within the Nigerian economy.
This development was disclosed in a statement on Tuesday by Mrs. Sidi Ali Hakama, Acting Director of Corporate Communications at the CBN.
According to the statement, the reports being reintroduced include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators.
These reports are designed to provide stakeholders with timely and accurate insights into Nigeria’s economic performance.
"The reintroduction of these reports forms part of the ongoing data enhancement initiative within the CBN, which aims to ensure that the public, policymakers, and the business community have access to essential economic indicators," said Mrs. Hakama.
The PMI is particularly as it assesses the health of the manufacturing, services, and agricultural sectors.
Alongside this, the BES and Inflation Expectation Report offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively.
“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 statement partly read. Mrs. Hakama further emphasized that these reports will be periodically released on the CBN's website to ensure they are easily accessible to all.
She encouraged economists, analysts, investors, media, and the general public to utilize these reports for a more comprehensive understanding of Nigeria’s economic dynamics.
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