The Central Bank of Nigeria (CBN) has announced its plans to reintroduce the publication of several economic reports, including the Purchasing Managers’ Index (PMI), inflation expectation report, and other macroeconomic indicators.
According to a circular released on Tuesday and signed by Hakama Sidi Ali, acting director, corporate communications, this action reaffirms the apex bank’s commitment to ensuring transparency and accountability in the economy.
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“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,” it stated.
It further stated that the reports which will be published periodically via the CBN website are important to understand Nigeria’s economic climate.
“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,” the report said.
Data from the CBN’s website shows that the last PMI published by the CBN was in December 2020. Likewise, the last CBN annual report was published in December 2022.
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Since the beginning of this year, the CBN has published two monthly economic reports for January 2024 and February 2024. Quarterly economic reports have also been consistently published since 2022 till the fourth quarter of 2023.
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