Naira-based financing offers investors return pathway

Naira-based financing is emerging as a viable solution to Nigeria’s persistent currency volatility, according to startup investors.

At the West African segment of the 21st Annual Africa Venture Capital Association (AVCA) Conference and VC Summit, industry stakeholders agreed that dollar-based financing is increasingly unsustainable amid ongoing devaluations across West Africa.

Investors noted that returns on dollar-denominated funds have eroded due to currency losses. Since the Central Bank of Nigeria (CBN) introduced exchange rate unific

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