By Prince Okafor
KPMG Nigeria has said that Foreign Exchange (Forex) and crude oil price volatility are among the top ten risks for Nigerian businesses in 2018, even as the nation’s business environment shows encouraging signs of improvement through resurgence in consumer confidence and moderating inflation.
The audit firm made this known during the launch of its ‘Top 10 Business Risks in 2018 Report’ in Lagos, which revealed the result of a risk management survey conducted aimed at identifying the key risks that executives believe will impact their organisations in 2018 and 2019.
Tomi Adepoju, KPMG Nigeria Partner in Risk Consulting said: “31 risks were assessed, five of which were rated high, 23 medium and three low. The risk assessment had an aggregate score of 3.12, which depicts a ‘medium risk’ environment for Nigerian businesses in 2018 based on our rating…
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