Weak Naira, Awareness Gap Stall Tech Startups' IPOs on NGX—Survey &

Report: 53% of Tech Founders Unaware of NGX Listing Opportunities - Tech

Quick Read: 77% of startups raise capital in dollars while earning revenue in naira, creating structural tension that favours offshore exits. 46% of founders prefer acquisition exits; only 21% would consider IPOs Despite challenges, 42% of founders would consider listing on the NGX under improved conditions A new report has uncovered systemic barriers that prevent Nigeria’s high-growth startups from listing on the local exchange, posing a risk …

Nigeria’s Tech Bourse, Once Fancied As A Homegrown Exit Route, Is Being Ghosted

Nigeria’s tech bourse, once touted as a homegrown exit route, is being quietly ignored by the very startups it was meant to serve. A new industry report from TLP Advisory, a cross-border venture law practice, finds that most founders either do not know how to use the Nigerian Exchange’s Technology Board or prefer selling abroad, leaving the NGX with a tech-sized hole three years after the board was created. TLP’s survey says 53 percent of founde…

Weak Naira, Awareness Gap Stall Tech Startups' IPOs on NGX—Survey &

By Adedapo Adesanya Nigerian tech startups have failed to carry out Initial Public Listings (IPOs) on the Nigerian Exchange (NGX) Limited largely due to the weakness of the Naira, according to a new survey carried out by  TLP Advisory. The new report Rethinking Funding & Exits: Nigeria’s Missing IPOs and the NGX is the first […]

Why Nigerian startups aren’t listing on the NGX, according to TLP

Three years after the Nigerian Exchange (NGX) created a dedicated Technology Board to attract high-growth tech companies, not a single startup has listed on it. A new report from venture law practice TLP Advisory argues the absence is the result of multiple, mutually reinforcing lapses across founders, investors, the exchange, and market structure. Nigeria’s tech ecosystem is one of the country’s strongest economic engines. ICT contributed 19.78…