CBN To Resume Publication Of Economic Reports Suspended Under Emefiele

The Central Bank of Nigeria (CBN) said it has reintroduced the publication of several key economic reports as part of its commitment to fostering transparency and accountability in the Nigerian economy.

The reports include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators.

The bank said on Tuesday that the reports would provide stakeholders with timely and accurate insights into the country’s economic performance.

The Purchasing Managers’ Index (PMI) was last published on December, 23, 2020 when Godwin Emefiele was the governor of the apex bank.

The CBN said, “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.”

According to the bank, the reports will be periodically released on the Bank’s website

The apex bank added, “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.”