The Central Bank of Nigeria (CBN) has resumed publishing a number of important economic reports in an effort to reaffirm its dedication to promoting accountability and openness in the Nigerian economy.
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The Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators are only a few of the reports that will be released.
These will give stakeholders reliable and timely information about the state of the economy in the nation. The top bank’s Ag. Director of Corporate Communications, Hakama Ali, made the announcement of this development on Tuesday.
In an effort to guarantee that the general public, decision-makers, and the business community have access to crucial economic indicators, the CBN is reintroducing these reports as part of an ongoing data upgrading exercise. The business and household expectations surveys, as well as the PMI, which evaluates the state of the manufacturing, services, and agricultural sectors, are essential resources for comprehending Nigeria’s economic situation.
“These studies provide insightful information about attitudes and beliefs in the household and corporate sectors, respectively. This program is a component of the Bank’s larger initiatives to improve openness, encourage wise decision-making, and foster economic expansion.
The reports will be made publicly available to everyone by being posted on the Bank’s website, www.cbn.gov.ng, on a regular basis.
The statement read, “The CBN encourages economists, analysts, investors, media, and the general public to use these reports to foster a more inclusive economic discourse by gaining a more comprehensive understanding of Nigeria’s economic dynamics.”
