Nigeria Hires KPMG for Multibillion Dollar Infrastructure Fund

Nigeria’s central bank hired KPMG LLP as transaction adviser for its newly created infrastructure fund, according to a person familiar with the matter.

The bank appointed KPMG after considering bids by firms including PricewaterhouseCoopers LLP, Boston Consulting Group and McKinsey & Co., said the person, asking not to be identified because the information isn’t public yet. KPMG didn’t answer two calls seeking comment on Tuesday.

President Muhammadu Buhari last month approved 1 trillion naira ($2.5 billion) of seed capital for the Infrastructure Corp. of Nigeria Ltd., which the central bank initiated last year. The fund has been established to raise ...