Why Foreign Investment Continues To Decline In Nigeria – KPMG
KPMG has highlighted reasons for decline in Foreign Direct Investment and the impact on Nigeria’s economy.
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KPMG Predicts Nigeria’s Inflation To Soar At 30% By December 2023 Amidst Economic Reforms
Global financial advisory service firm, KPMG, has predicted that Nigeria’s headline inflation is poised to skyrocket to 30% by the end of 2023. The West African nation, already grappling with a headline inflation rate of 26.72% in September, is facing a challenging
KPMG Warns Nigeria’s N77.8 trillion Debt Will Cause Critical Financial Problems For Tinubu
KPMG, professional services firm, has warned that Nigeria’s debt burden could result in critical debt servicing problems during the administration of Bola Tinubu. In a report on Thursday, 18 May, KPMG said by the end of 2023, Nigeria’s debt profile will hit
Dollar Rate Falls, As Naira Faces Devaluation Pressure
FMDQ Exchange, the platform that tracks the official foreign exchange (Forex) rate between the Naira and the Dollar has disclosed that the forex rate fell to N463.25/$1 on Thursday, 6 April 2023. The exchange rate had closed at N463.50/$1 after the previous
KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion
KPMG Nigeria has stated that Naira faces further devaluation, as foreign investors reduce their investment interests in Nigeria, the largest economy in Africa. In the fourth quarter (Q4) of 2022, foreign capital importation dropped by -8.53 per cent, from $1.16 billion capital
KPMG Says Unemployment Didn’t Drop Under Buhari, Shows 4 Years Unemployment Scorecard
KPMG has projected that Nigeria’s unemployment rate will rise to 40.6 per cent in 2023, indicating that more Nigerians will become jobless this year. The firm in its ‘Global Economic Outlook’ report said the unemployment rate will rise from the 33.3 per
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