Forex management threatens businesses in Nigeria – KPMG

Research work by KPMG Nigeria has revealed how foreign  exchange (forex) management threatens businesses in the economy.

On a ten level risk findings, forex was identified as the highest and most disturbing variable slowing down business growth.

Head of Risk Consulting at KPMG Nigeria, Olumide Olayinka, said on Tuesday that the report captured business anxieties of about 94 directors in top private and public organizations.

The research carried out between December 2017 and February this year also outlined policy risk, regulatory risk, oil price risk and brand reputation risk among problems of Nigerian business scene.