CBN Reintroduces Key Economic Reports to Enhance Transparency and Inform Investors

The Central Bank of Nigeria (CBN) has reinstated the publication of several critical economic reports to provide international and local investors with accurate and timely information on the country’s economic indicators.

CBN Governor, Yemi Cardoso, announced the decision, emphasizing the importance of these reports in offering valuable insights into Nigeria’s economic climate.

According to a statement released on Tuesday by the Acting Director of Corporate Communications, Sidi Ali Hakama, the reports will include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report (IER), and other key macroeconomic indicators.

The statement highlighted that the reintroduction of these reports is part of the CBN’s ongoing data enhancement initiative. It aims to ensure that the public, policymakers, and the business community have access to essential economic information.

“The PMI evaluates the health of the manufacturing, services, and agricultural sectors, while the business and household expectations reports offer crucial insights into the perceptions and outlooks within these sectors,” the statement read.

The CBN underscored that these efforts are part of a broader strategy to promote transparency, support informed decision-making, and contribute to economic growth.

The reports will be periodically published on the CBN’s website, making them easily accessible to all.

The CBN encourages economists, analysts, investors, media, and the general public to utilize these reports for a deeper understanding of Nigeria’s economic dynamics, fostering a more inclusive economic discourse.