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KPMG
Recent data from KPMG reveals that South Africa has emerged as the top choice for mergers and acquisition deals in Sub-Saharan Africa.
Nigerian businessman Aliko Dangote remains Africa's richest person for the 12th year in a row, even as his fortune fell by $3.12 billion to $17.8 billion amid the unification of the naira's exchange rate system.
KPMG Nigeria has said that President Bola Tinubu’s target to increase the country’s Gross Domestic Product (GDP) growth rate by 6% on average in the next 4 years may not be feasible.
KPMG Nigeria has said that fuel pump prices have increased to 800 CFA ever since Nigeria put an end to its fuel subsidy regime.
KPMG Nigeria believes that if Nigeria were to keep the fuel subsidy regime, the country will suffer from underdevelopment.
KPMG Nigeria’s Chief Economist and former CEO of Nigeria Bureau of Statistics, Dr Yemi Kale has said that almost every economic sector in Nigeria is underperforming.
A KPMG report says the Buhari administration has introduced some measures that have sustained growth in the mining sector in the last few years.
Data from the Monthly Oil Market Report from OPEC shows that Angola is the top African crude oil producer for the month of April 2023.
Analysts at KPMG Nigeria have said that if Nigeria’s oil sector does not make a recovery, Nigeria’s gross domestic product growth could be between –0.23% to –1.18%
31% of CFOs expect Nigeria's economic growth to decline in 2023, while 41% believe there would be no significant growth at all.
The link between inflation and energy costs is well-established, and it is likely that businesses in Nigeria will continue to grapple with rising energy costs soon.
According to analysts at KPMG, fuel subsidy removal will keep pressure on domestic prices in 2023 as the country prepares to deregulate the downstream sector.