Nigerian Startups Shun Local IPOs as Weak Naira Deters Founders

Nigerian startups have stayed away from listing on a special section of the country’s stock exchange because of the local currency’s weakness, according to a survey of the new companies.

By Emele Onu · Bloomberg Markets

Nigerian startups have stayed away from listing on a special section of the country’s stock exchange because of the local currency’s weakness, according to a survey of the new companies.