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
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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.
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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
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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
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