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Tag: KPMG

Mobile phones

Nigeria’s smartphone ownership rises to 75% — KPMG

Smartphone ownership in Nigeria has climbed to 75 per cent, underscoring the growing role mobile devices play in how citizens engage with digital services across the country. This finding emerged from the Nigeria Smartphone Study: A Nationwide Analysis of Smartphone Ownership and Digital Application Usage, a report produced by KPMG in collaboration with Orange Group […]

featured Policy and Regulations

KPMG misunderstood new tax laws, says Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has defended the Nigeria Tax Act clarifying the policy intent behind the legislation and stating that KPMG Nigeria misunderstood the reform. Oyedele made the clarification in a statement issued on Saturday in response to KPMG’s analysis of the Nigeria Tax Act, in […]

featured Finance

KPMG flags gaps, risks in new tax laws

KPMG Nigeria has flagged what it describes as “errors, inconsistencies, gaps and omissions” in Nigeria’s tax laws that came into force at the beginning of this year. The professional services company warns that these issues could undermine the attainment of the tax reforms’ stated objectives if left unaddressed. The reforms, anchored on the Nigeria Tax […]

featured

KPMG urges Nigerian banks to prepare for open banking rollout

KPMG has urged banks and financial institutions in Nigeria to accelerate their readiness for the rollout of open banking, expected to begin in August 2025. The advisory was part of KPMG’s latest report released on Thursday, titled “Modernising Core Banking Systems: Navigating Challenges to Achieve Resilient Transformation.” The report is a thought leadership outcome of […]

Business

KPMG, EY, PwC lead Nigeria’s audit boom with 65% yearly growth

Nigeria’s audit and assurance sector saw robust growth in 2024, with industry giants KPMG, Ernst & Young, and PricewaterhouseCoopers, leading a revenue surge to N28.2 billion, a 65% increase from N17.1 billion in 2023. According to Nairametrics Research data on the top 50 publicly quoted companies, the Big Four—KPMG, EY, PwC, and Deloitte—cemented their dominance, […]

News

Nigeria’s fiscal framework not appealling for mining investment – KPMG

KMPG, an international auditing and consulting firm has stated in a report that the current fiscal frameworks, which include tax policies in Nigeria’s mining sector, are not appealing enough to encourage necessary investments and do not take the sector’s unique characteristics into account. According to the report, despite several federal governments’ attempts to revitalize the […]

Business

Nigeria needs to balance foreign investment with local growth – KPMG

A professional services firm, KPMG, has stated that Nigeria must strike a balance between attracting foreign capital and supporting domestic growth through policies that favour foreign investment while also building a conducive climate for indigenous enterprises to prosper. According to the firm’s flashnotes published on January 4, 2024, capital importation numbers show a consistent quarterly fall, indicating continued issues […]

Farmers, locals will benefit from Bayelsa-Rivers link road - NDDC
Business

NDDC, KPMG partner on business operations

The Niger Delta Development Commission and KPMG, a major worldwide business management consulting firm, have a contract in place for KPMG to advise the commission on international best practices in internal procedures and corporate governance culture. Speaking at the signing ceremony on Wednesday at the NDDC headquarters in Port Harcourt, the Managing Director, Dr. Samuel […]

Opinion

How to cushion effect of subsidy removal — KPMG

A global audit, tax and advisory services firm, KPMG, has called for the deployment of alternatives to money in cushioning the severe impact of the recent petrol subsidy removal.   This Day reported that in a report it titled: “ Removing Nigeria’s PMS Fuel Subsidy: We Can’t Have Our Cake & Still Eat it”, the […]

News

KPMG to cut 5% of its US staff

In response to “economic headwinds, coupled with historically low attrition,” a KPMG representative announced on Monday that the Big Four accounting giant is firing 5% of its U.S. workforce. According to Reuters, at the end of its most recent fiscal year, which ended on September 30, the company had nearly 39,000 employees working there. The first […]

Increase in taxes raises household spending, says former NBS DG
News

Increase in taxes raises household spending, says former NBS DG

Chief Economist at KPMG Nigeria and former Director-General of the National Bureau of Statistics, Dr. Yemi Kale,  has expressed worries about the possible detrimental effects of increased taxation on household expenditure and the growth of private businesses. According to Nairametrics, speaking on June 3 at the Nairametrics Q2 2023 Economic Outlook Webinar, Dr. Kale emphasized the […]

News

Why boards of Nigerian companies should participate in ESG – KPMG

KPMG Nigeria urged corporate boards to become active in Environmental, Social, and Governance issues. Nairametrics reported that this was said by the corporation in its May 2023 ESG Oversight report. KPMG asserts that it’s critical for businesses to take a stand on problems like climate change, diversity, equality, and inclusion, as well as other environmental, […]

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