CBN Re-introduces Publication Of Key Economic Reports

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

The CBN Governor, Yemi Cardoso said the decision of the apex bank to commence the publication of key economic reports is to provide international and local investors with accurate and timely information on economic indices of the country.

In a statement on Tuesday, signed by the Acting  Director of Corporate Communications, Sidi Ali Hakama, CBN said the report would include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation report (IER) and other macroeconomic indicators.

It read in part: “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.

“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 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.“

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