CBN Governor, Olayemi Cardoso

By Ngozi Onyeakusi—The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy.

These 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.

According to a statement from the CBN signed by the Ag. Director, Corporate Communication, Hakama Sidi Ali, the reintroduction of these reports is part of the ongoing data enhancement initiative within the CBN, which is aimed to at ensuring  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 (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.